Instrument: USDCHF
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 0.93128 with take profit at 0.93202.
Bearish Preference:
A Sell position is envisaged if price trades below price 0.92861 with take profit at 0.92782.
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: The dollar was up on Friday morning in Asia. However, the safe-haven dollar remained below a one-year high as risk sentiment improved. The riskier Australian dollar traded near the three-week high that it hit during the previous session, when it gained 0.55% against its U.S. counterpart. Traders are also waiting for U.S. payroll data for September due out later in the global day. They expect employment figures that are near consensus will lead the Federal Reserve to indicate at its November meeting when it will begin tapering its massive stimulus program.
Analysis: SCRUM Team