USDCHF
Aug. 28, 2015, 10:25
Buy on a level breakthrough of 0.9674 with 0.9900 target. Stop loss = 0.9614.
Reason for the trading strategy
The Swiss GDP increased by 0.2% (q/q) in Q2 2015, with a forecast of -0.1% (q/q). In annual terms, the growth is 1.2%. The data is positive for the franc. After a brief adjustment, the USD/CHF pair may again test the resistance level of 0.9674.
Aug. 28, 2015, 10:25
Buy on a level breakthrough of 0.9674 with 0.9900 target. Stop loss = 0.9614.
Reason for the trading strategy
The Swiss GDP increased by 0.2% (q/q) in Q2 2015, with a forecast of -0.1% (q/q). In annual terms, the growth is 1.2%. The data is positive for the franc. After a brief adjustment, the USD/CHF pair may again test the resistance level of 0.9674.
USDCHF: under pressure before publication of Japan's GDP for Q2 2015
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