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Instrument: USDCHF
Technical Analysis
Bullish Preference:
Buy is envisaged if price trades above 0.91029 with take profit at 0.91150.
Bearish Preference:
Sell is envisaged if price trades below 0.90826 with take profit at 0.90528.
Fundamentals:
Manufacturing PMI (USD) 3:45PM
Comment: The buck has been struggling to break a high of 0.91239 zone and price keeps re-testing a strong support at 0.90889. There is a weak demand for the dollar after unemployment claims came out bad last week, and the US keep seeing record numbers of new corona-virus cases. Analyst believe that this instrument, still has room to fall lower, as the Swiss looks to strengthen against the dollar.
Analysis: SCRUM Team
