USDCHF
Sept. 17, 2015, 12:14
Sell on a level breakthrough of 0.9665 with 0.9575 target. Stop loss = 0.9715.
Reason for the trading strategy
The Swiss National Bank left the interest rate on deposits unchanged at 0.75%. The regulator believes that the franc remains overvalued. He estimated that inflation in 2015 will be -1.2% against the previous forecast of -1%, while the Swiss economy will gradually gain momentum in the second half of 2015. Despite the SNB's moderately negative outlook, the USD/CHF pair could fall below the 0.9665 level today, if the US Federal Reserve keeps its key interest rate unchanged.
Sept. 17, 2015, 12:14
Sell on a level breakthrough of 0.9665 with 0.9575 target. Stop loss = 0.9715.
Reason for the trading strategy
The Swiss National Bank left the interest rate on deposits unchanged at 0.75%. The regulator believes that the franc remains overvalued. He estimated that inflation in 2015 will be -1.2% against the previous forecast of -1%, while the Swiss economy will gradually gain momentum in the second half of 2015. Despite the SNB's moderately negative outlook, the USD/CHF pair could fall below the 0.9665 level today, if the US Federal Reserve keeps its key interest rate unchanged.
USDCHF: consolidation after the SNB meeting
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