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    USDCHF: consolidation after the meeting of the Swiss National Bank

    Sell on a level breakthrough of 0.9577 with 0.9500 target. Stop loss = 0.9627.

    Reason for the trading strategy

    The Swiss National Bank has left the interest rate on deposits unchanged at -0.75%. In 2016, it adjusted the forecast for inflation - from -0.8% to -0.4% per annum. Jordan, governor of the Swiss National Bank, said that the global economic recovery should continue, but significant risks remained. Maintaining the yield spread between the key interest rates in the US and Switzerland unchanged this week, as well as the increased demand for the franc as a protective currency, force the USDCHF currency pair to new lows.


    USDCHF, H4


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