Forex: USD/CHF limited at 0.9100/20 in NY session
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USD/CHF
FXstreet.com (Barcelona) - After piercing the 0.9100 handle towards a lower value at 0.9088, the USDCHF regained its position above the psychological level but has been limited to a range at 0.9100/20 since the European session.
US data publications weren't enought to provoke a directioned move off the range. The November Chicago PMI was revised higher, from 48.9 to 50.0, and the December figure surprised analysts by beating the 50.5 forecast, as it rose to 55.6.
"The USDCHF currency pair continues moving downwards; however it hasn't been able to renew the maximum of this wave", wrote Roboforex.com analyst Igor Sayadov, expecting a new ascending wave on first three impulses today.
US data publications weren't enought to provoke a directioned move off the range. The November Chicago PMI was revised higher, from 48.9 to 50.0, and the December figure surprised analysts by beating the 50.5 forecast, as it rose to 55.6.
"The USDCHF currency pair continues moving downwards; however it hasn't been able to renew the maximum of this wave", wrote Roboforex.com analyst Igor Sayadov, expecting a new ascending wave on first three impulses today.
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