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Instrument: USDCHF
Bullish Preference:
A buy position is envisaged if the price trades above 0.88691 with take profit at 0.88778.
Bearish Preference:
A sell position is envisaged if the price trades below 0.88452 with take profit at 0.88373.
Fundamentals:
3:00pm USD Revised UoM Consumer Sentiment
3:05pm USD Fed Chair Powell Speaks
All Day Jackson Hole Symposium
Comment:
Hopes for a late August bloom in world markets were put on hold as investors hunkered down for a sobering assessment of the long-term interest rate trajectory from the Federal Reserve boss later on Friday – sending the dollar soaring again in the process.
Analysis: SCRUM Team
