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Instrument: USDCHF
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.92839 with take profit at 0.92967.
Bearish Preference:
Sell position is envisaged if price trades below 0.92559 with take profit at 0.92429.
Fundamentals:
None with high impact on the currencies
Comment: Retreating US Treasury bond yields dragged the US dollar away from a 16-month peak touched in the previous session, which, in turn, exerted some pressure on the USD/CHF pair.
Analysis: SCRUM Team
