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Instrument: USDCHF
Bullish Preference:
A buy position is envisaged if the price trades above 0.85710 with take profit at 0.85831.
Bearish Preference:
A sell position is envisaged if the price trades below 0.85489 with take profit at 0.85376.
Fundamentals:
1:30 pm
USD Advance GDP q/q
USD Unemployment Claims
Comment:
The Fed on Wednesday raised interest rates by a quarter of a percentage point, as expected, marking its 11th rate increase in its last 12 meetings. While Fed Chair Jerome Powell left the door open to another hike in September, traders appeared unconvinced and the dollar extended Wednesday’s modest post-meeting 0.3% drop.
Analysis: SCRUM Team
