BNP Paribas: USD/CHF is likely to return to parity

On Monday (November 28), the USD/CHF quickly weakened in the European market and the exchange rate fell below the 0.92 mark.

BNP Paribas said Monday (November 28) that USD/CHF is likely to return to parity.

Therefore, in terms of operational strategy, the agency advises investors not to hold long positions or buy on dips. Stop loss is set at 0.8568.

BNP Paribas said that if USD/CHF fell below 0.8568, the target price would be at 0.7711, the low of September 2.

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