USDCHF: consolidation in the range of 0.9576-0.9688

[Exness-Official]

Buy on a level breakthrough of 0.9688 with 0.9795 target. Stop loss = 0.9838.

Reason for the trading strategy

In the coming days, the USD/CHF pair will probably strike through the upper limit of the range of 0,9576-0,9688. Today, the statistics on employment in the US private sector, which in August can grow up to 204 thousand can support the pair.

 

[fxapex]

The pair is at a strong support and it seems that it might make a move up from here.

 

[Exness-Official]

Dear Fxapex,

Any currency pair can move up any time depends on demand and supply in the market, but yes this currency pair is one of the strong currency pair. You may check daily analytic for market forecast from our Exness Website in Analytic tab.