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    USDCHF: consolidation after the publication of the US labor market report

    Buy on a level breakthrough of 0.9950 with 1.0008 target. Stop loss = 0.9900.

    Reason for the trading strategy

    The number of jobs outside the US agricultural sector increased by 242 thousand in February against the forecast of 195 thousand, the value of the index for the previous month was revised upwards -from 151 thousand to 172 thousand. The unemployment rate in the US in February was unchanged at 4.9%, as expected.
    However, the average hourly wage in the United States decreased by 0.1% (m/m) in February, with a forecast of a 0.2% (m/m) growth. Low inflation expectations in the United States do not yet allow the USDCHF pair to consolidate above the 0.9950 level.            

    USDCHF, H1

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