Sell on a level breakthrough of 0.9652 with 0.9600 target. Stop loss = 0.9702.
Reason for the trading strategy
The Swiss National Bank left the interest rate on deposits unchanged at the level of - 0.75%. The regulator expects the inflation rate to be at the level of -0.8% in 2016 against the previous forecast of -0.5%, while the GDP growth is expected to be at the level of 1%-1.5% against the previous forecast of 1.5%. These figures are moderately negative for the franc. Meanwhile, the weakness of the US dollar could lead to a decrease in the USDCHF pair to the level of 0.9600.