Strifor || USDCHF-01/05/2024
Preferred direction: SELL
Comment: Despite the weakness of the franc (only the yen is weaker among the majors), we are also considering the weakening of the US dollar. The European session will be calm, most likely against the backdrop of Labor Day, but the American session will be busy. Of course, market participants will be especially interested in the Fed's decision on interest rates.
Against this background, we consider two scenarios with a common target at the level of 0.91424. The deal is being considered in the medium term.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Despite the weakness of the franc (only the yen is weaker among the majors), we are also considering the weakening of the US dollar. The European session will be calm, most likely against the backdrop of Labor Day, but the American session will be busy. Of course, market participants will be especially interested in the Fed's decision on interest rates.
Against this background, we consider two scenarios with a common target at the level of 0.91424. The deal is being considered in the medium term.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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