Daily Market Overview: USD/CHF

Note: This section contains information in English only.
Source: Dukascopy
© Dukascopy
Daily maximum: 0.9150
Daily minimum: 0.9072

The market participants' target at 0.9144 has been touched as the US economy posted more-than-expected construction spending and ISM Manufacturing PMI, suggesting the American economic recovery is gaining pace.

Daily Resistance: 0.9233; 0.9335; 0.9419. 
Daily Support: 0.9047; 0.8963; 0.8861. 
Daily Bias: Neutral.
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Fri, 02 Dec 2011 07:56:23 GMT

EUR/USD to reach 1.3608/15

EUR/USD is expected to extend its correction up to 1.3608/15. Should the rally come through the latter level, the next tough resistance is at 1.3835/60. Longer term outlook remains negative with the focus on support located at 1.3209.

Thu, 01 Dec 2011 16:51:01 GMT

Daily Market Overview: USD/JPY

The market participants' mean at 77.66 has been broken through as more investors purchased the American dollar versus Japanese yen on higher-than-forecast ISM Manufacturing PMI at 52.7, indicating the US economy is improving.

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