Here are the key factors to keep in mind today for US Dollar trades:

• US Construction Spending: US Construction Spending for November is predicted to increase by 0.5% monthly. Forex traders can compare this to US Construction Spending for October which increased by 1.4% monthly.
• US ISM Manufacturing Index: The US ISM Manufacturing Index for December is predicted at 58.2. Forex traders can compare this to the US ISM Manufacturing Index for November which was reported at 58.2. ISM Prices Paid for December are predicted at 64.5. Forex traders can compare this to ISM Prices Paid for November which were reported at 65.5.

Here are the key factors to keep in mind today for Swiss Franc trades:

• Swiss Manufacturing PMI: The Swiss Manufacturing PMI for December was reported at 65.2. Economists predicted a figure of 64.5. Forex traders can compare this to the Swiss Manufacturing PMI for November which was reported at 65.1.
• Swiss Total Sight Deposits and Swiss Domestic Sight Deposits: Swiss Total Sight Deposits for the week of December 29th were reported at CHF573.2B and Swiss Domestic Sight Deposits were reported at CHF473.4B. Forex traders can compare this to Swiss Total Sight Deposits for the week of December 22nd which were reported at CHF574.6B and to Swiss Domestic Sight Deposits which were reported at CHF481.1B.

Should price action for the USDCHF remain inside the or breakout above the 0.9740 to 0.9780 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.9760
• Take Profit Zone: 1.0000 – 1.0035
• Stop Loss Level: 0.9700

Should price action for the USDCHF breakdown below 0.9740 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.9700
• Take Profit Zone: 0.9565 – 0.9590
• Stop Loss Level: 0.9760

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.