Instrument: USDCHF
Bullish Preference:
A buy position is envisaged if the price trades above 0.89928 with take profit at 0.90042
Bearish Preference:
A sell position is envisaged if the price trades below 0.89525 with take profit at 0.89374
Fundamentals:
7:30am CHF CPI m/m
3:00pm USD ISM Manufacturing PMI
Comment:
The 0.1% increase in consumer prices of the CHF compared with the previous month is due to several factors including rising prices for fruiting vegetables and brassicas. Hotels also recorded a price increase, as did the hire of private means of transport. In contrast, prices for air transport and stone fruits decreased as well as those for petrol and diesel.
Analysis: SCRUM Team