Instrument: USDCHF
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.92836 with take profit at 0.92933.
Bearish Preference:
Sell position is envisaged if price trades below 0.92555 with take profit at 0.92475.
Fundamentals:3:00pm USD Prelim UoM Consumer Sentiment
Comment: The dollar was down on Friday morning in Asia but remained near three-week highs. Strong economic data from the U.S. rekindled expectations that the U.S. Federal Reserve will begin asset tapering earlier than expected and helped capped the U.S. currency’s losses. The U.S. data, released on Thursday, showed that core retail sales grew 1.8% month-on-month and retail sales grew 0.7% month-on-month in August.
Analysis: SCRUM Team