Instrument: USDCHF
Bullish Preference:
Buy position is envisaged if price trades above 0.90442 with take profit at 0.90602
Bearish Preference:
Sell position is envisaged if price trades below 0.90018 with take profit at 0.899.28
Fundamentals:
1:30pm USD Empire State Manufacturing Index
3:30pm USD FOMC Member Harker Speaks
9:30pm USD FOMC Member Harker Speaks
Comment:
USD/CHF extends the losing streak on the second consecutive session, trading lower around 0.9020 during the Asian session on Monday. The uncertainty regarding the Federal Reserve’s (Fed) future decisions on interest rates is contributing to a complex and fluctuating environment for the US Dollar (USD).
Analysis: SCRUM Team