EXNESS - Analytics

    EXNESS

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    USDCHF: growth against the background of increased retail sales in the US

    Buy on a level breakthrough of 0.9818 with 0.9900 target. Stop loss = 0.9768.

    Reason for the trading strategy

    In January, the US retail sales increased by 0.2% (m/m), with a forecast of 0.1% (m/m). The index value for December was revised upwards from minus 0.1% (m/m) to 0.2% (m/m). The statistics reflects growth of consumer spending of the US households, which supports the world's reserve currency.

    USDCHF, H1


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