Buy on rebound from 0.9950 level with 1.0037 target. Stop loss = 0.9900.
Reason for the trading strategy
The Swiss GDP increased by 0.4% (y/y) in Q4 2015, with a forecast of 0.1% (y/y). The statistics, which was better than expected, supported the franc. In the short term the USDCHF pair may test the level of 0.9950.
USDCHF, H1
