Instrument: USDCHF
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.90673 with take profit at 0.90827
Bearish Preference:
Sell position is envisaged if price trades below 0.90331 with take profit at 0.90162
Fundamentals:
USD: Core PCE Price Index m/m (2:30pm)
USD: Chicago PMI (3:45pm)
Comment: The dollar held onto gains made during the previous session, where it climbed up from three-years low after a surge in U.S. bond yields.
U.S. Treasuries, and government bonds in general, have become a focal point for investors globally as they pounced to price in the monetary tightening signaled earlier by the U.S. Federal Reserve and its counterparts.
Analysis: SCRUM Team
