EXNESS - Analytics

    EXNESS

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    Real

    The USDCHF pair is approaching the support level of 1.02

    Buy on rebound from 1.0200 level with 1.0250 target. Stop loss = 1.0150.

    Reason for the trading strategy

    A low probability of an increase in the US key interest rate in March is pushing the USDCHF pair to the level of 1.02. Meanwhile, the decline in the business activity index in Switzerland's business sector from 52.1 p. to 50.0 p. will not allow the pair to break through this level. 

    USDCHF, H1


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