Sell on a level breakthrough of 0.9464 with 0.9404 target. Stop loss = 0.9514.
Reason for the trading strategy
In April, the UBS consumption indicator in Switzerland fell from 1.34 p. to 1.25 p., reflecting a reduction in consumer spending in the country. Despite this, the overbought dollar on the foreign exchange market led to a fixation of long positions in the USD/CHF pair.