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MonsunAsia
Jul 1, 2021 1:58 PM

USDCHF - BULLISH BIAS Long

U.S. Dollar/Swiss FrancFXCM

Description

USD - Bullish
1️⃣ Consumer confidence data and ADP employment reports come in positive ahead of NFP employment data tomorrow night.
2️⃣ The Fed's hawkish comments have prompted positive betting on the greenback. The Federal Reserve boosted its inflation estimates for this year and brought forward the date when it will raise interest rates.

CHF - Bearish
1️⃣ The CHF weakened in today’s positive market environment.

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TECHNICAL
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We're buying this pair on RBS level + SMA50 area + pivot point area on H1 chart.

Trade closed manually

Close position on 0.92620 (+20 pips)
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