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USDCHF: growth before the publication of macroeconomic statistics in the US


26 May 2015

Buy on a level breakthrough of 0.9497 with 0.9597 target. Stop loss = 0.9440.

Reason for the trading strategy

Various US microeconomic statistics will be published today: the volume of durable goods orders, new houses sales, and the business activity index in the services sector. If the data turns out to be better than expected, the uptrend in the USD/CHF pair will continue. According to J. Yellen, in Q2 2015, the US economy will expand after a contraction in Q1 2015.

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