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Instrument: USDIDX
Bullish Preference:
A buy position is envisaged if the price trades above 104.012 WithTake profit at 104.099
Bearish Preference:
A sell position is envisaged if the price trades below 103.480 with Take profit at 103.412
Fundamentals:
2:45pm USD Flash Manufacturing PMI
USD Flash Services PMI
Comment:
Most Asian currencies rose slightly on Wednesday tracking some signs of economic resilience in the region, while the dollar steadied near two-month highs ahead of more cues on monetary policy from the Jackson Hole Symposium this week. PMIs from the U.S. and euro zone are due later in the day and are also expected to offer more signals on business activity in the world’s largest economies.
Analysis: SCRUM Team
