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2 May 2013
Forex: USD/CHF testing session highs at 0.9300 after Swiss PMI
FXstreet.com (Barcelona) - The USD/CHF moved higher Thursday ahead of the vaunted action out of the ECB later this afternoon during European trading. In these moments the cross is now trading near session highs, which also is testing the 0.9300 barrier. At this level, the pair has notched a solid advance of +0.18%.
Briefing the technical levels, the Mataf.net analyst team identifies the next short-term resistances for the USD/CHF at 0.9305, then 0.9338, and finally 0.9367. Alternatively, a paring of gains will result in a testing of resistances at 0.9243, onto 0.9213, and finally 0.9181.
In Switzerland, the SVME – Purchasing Managers Index (April) recorded a figure of 50.2, compared with a projection of 49.0. Tantamount to the cross is the highly anticipated ECB rate decision later today at 11:45 GMT, which will no doubt move exchange markets.
Briefing the technical levels, the Mataf.net analyst team identifies the next short-term resistances for the USD/CHF at 0.9305, then 0.9338, and finally 0.9367. Alternatively, a paring of gains will result in a testing of resistances at 0.9243, onto 0.9213, and finally 0.9181.
In Switzerland, the SVME – Purchasing Managers Index (April) recorded a figure of 50.2, compared with a projection of 49.0. Tantamount to the cross is the highly anticipated ECB rate decision later today at 11:45 GMT, which will no doubt move exchange markets.