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Instrument: USDCHF
Bullish Preference:
A buy position is envisaged if the price trades above 0.87956 with take profit at 0.88126
Bearish Preference:
A sell position is envisaged if the price trades below 0.87706 with take profit at 0.87555
Fundamentals:
No Major fundamental
Comment:
The dollar climbed higher Tuesday with the release of stronger than expected U.S. retail sales for July, indicating that American consumers have proven to be resilient despite inflation that has raised the price of household goods such as food and fuel.
Analysis: SCRUM Team
