Forex: USD/CHF bouncing ahead of Markit PMI
Forex pairs in this Article »
USD/CHF
FXstreet.com (Barcelona) - As the Asian morning started, the USDCHF went for a 30-pip plunge to 0.9358 low, totalling 100 pips range since yesterday's high (0.9458). The pair almost fully retrace those losses and is pressured again as the European session will provide manufacturing data.
Just ahead are flash Markit manufacturing PMI data in France, Germany and the Eurozone for November, with not much hope going into that. The US markets will be closed for Thanksgiving.
UBS analysts are neutral on the USDCHF: "Support lies at 0.9329 ahead of 0.9277. Resistance is at 0.9458 ahead of 0.9513", wrote analyst Geoffrey Yu.
Just ahead are flash Markit manufacturing PMI data in France, Germany and the Eurozone for November, with not much hope going into that. The US markets will be closed for Thanksgiving.
UBS analysts are neutral on the USDCHF: "Support lies at 0.9329 ahead of 0.9277. Resistance is at 0.9458 ahead of 0.9513", wrote analyst Geoffrey Yu.
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