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USD/CHF Analysis 28,May 2015

USDCHF:under pressure against the background of rising trade balance in Switzerland

Source: Exness Forex Broker

Sell on a level breakthrough of 0.9460 with 0.9404 target. Stop loss = 0.9510.

Reason for the trading strategy

In April, the Swiss trade balance grew from 2.5 billion to 2.86 billion Swiss francs. Growth of this indicator, included in the structure of the country’s GDP, will provide support for the franc. Additional pressure on the USD/CHF pair creates a weakness of the US dollar against the euro.

 

USDCHF Chart

USDCHF MAY

 

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