Daily Market Analysis by Exness - USD/CHF

30.07.2014 10:10 USDCHF
USDCHF: growth against the probable reduction of the QE3 program in the US by 10 billion dollars

Buy on a level breakthrough of 0.9081 with 0.9156 target. Stop loss = 0.9030.

Reason for the trading strategy.

The UBS consumption indicator in Switzerland increased in June from 1.80 p. to 2.06 p. The data reflects the probable increase in consumer spending of Swiss households, which may support the franc. Nevertheless, the expected reduction today of the QE3 asset purchases program in the US by 10 billion dollars will provide a distinct advantage to the dollar.

USDCHF, Daily