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USD/CHF Signal - CHF Interest Rate Decision - 24 Sep 2020

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Signal Details
Entry Price: 
0.9223
Take Profit: 
0.9285
Stop Loss: 
0.9185
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCHF is trading to the upside prior to the CHF interest rate decision. The SNB (Swiss National Bank) is obliged to act in accordance with the countries best interest, and the consensus is that rates will remain the same. Typically an increase in interest rates is bullish for the franc, and a decrease or no change is bearish. Technically the pair is trading above the moving averages and currently is testing the 0.9215 pivot level. We anticipate further upside into 0.9285.

Submitted by Toni H. on Thu, 24 Sep 2020 01:18:13 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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