EXNESS - Analytics

    EXNESS

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    USDCHF: growth before publication of the ADP statistics

    Buy on a level breakthrough of 0.9820 with 0.9870 target. Stop loss = 0.9770.

    Reason for the trading strategy

    In June, the Consumer Price Index in Switzerland rose by 0.1% (m/m), with a forecast of 0% (m/m). A very slight increase in inflationary pressure does not give reason to revise the parameters of the current monetary policy in the country. Today, the ADP data may provide support for the USDCHF pair. It is expected that in June, the US economy created about 160 thousand new jobs in the private sector.

     

    USDCHF, H4

     



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