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5 Mar 2013
Forex: USD/CHF moving higher across 94.00
Having rallied to as high as 94.63 on Friday, the market collected profits and tested the psychological level at 94.00. The USD/CHF is attempting at returning to the upside today, having reached 94.20, so far.
Important for today's trading is Markit PMI Services data, to be released soon. Expectations are to the downside.
UBS analysts are bullish: "Initial resistance is at 0.9463, a break above would open 0.9513, and a closing breach above this would be the next bullish development", wrote analyst Gareth Berry, pointing to support at 0.9352.
Important for today's trading is Markit PMI Services data, to be released soon. Expectations are to the downside.
UBS analysts are bullish: "Initial resistance is at 0.9463, a break above would open 0.9513, and a closing breach above this would be the next bullish development", wrote analyst Gareth Berry, pointing to support at 0.9352.