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USD/CHF Signal - USD Consumer Confidence - 30 June 2020

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Signal Details
Entry Price: 
0.9525
Take Profit: 
0.9555
Stop Loss: 
0.9500
Direction: 
Buy
How we trade
Average: 3.2 (5 votes)

The USD is gaining strength prior to the USD Consumer confidence data release today. Typically a higher reading is bullish for the USD, whereas a lower reading is bearish. USDCHF is currently trading around 0.9528 and we anticipate continued dollar strength into the 0.9555 level. Technically, price is currently trending above the 30m 50 moving average.

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.