EXNESS - Analytics

    EXNESS

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    USDCHF: under pressure against the background of rising trade balance in Switzerland

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

    Reason for the trading strategy

    The Swiss trade balance grew from 2.51 billion to 3.79 billion Swiss francs in May. The growth of this indicator, included in the structure of the country's GDP, will support the national currency. Opening short positions for the USDCHF pair is worth considering at a breakthrough of the 0.9577 level.

     

    USDCHF, H4

     


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