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8 Mar 2013
Forex: USD/CHF bounces to 0.9450 during Asian session
Yesterday's drop from just below 0.9500 found support at 0.9410 and, overnight, the USD/CHF bounced to 0.9450 (+0.22%) surrounding area, where it trades at the moment. Ahead is Switzerland CPI in February, due at 08:15 GMT. Analysts expect the same pace of -0.3% on both monthly and yearly data.
Investors will be focusing on US NFP today. Consensus points to +160K added jobs in February, slightly increasing January's pace of +157K. The ADP employment figure released this week came in better than expected and prior month's figure was revised higher.
Mataf.net analysts point to resistance at 0.9455, 0.9490 and 0.9520. On the downside, supports might be found at 0.94440, 0.9410 and 0.9390.
Investors will be focusing on US NFP today. Consensus points to +160K added jobs in February, slightly increasing January's pace of +157K. The ADP employment figure released this week came in better than expected and prior month's figure was revised higher.
Mataf.net analysts point to resistance at 0.9455, 0.9490 and 0.9520. On the downside, supports might be found at 0.94440, 0.9410 and 0.9390.