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USD/CHF has an affair with 0.9350

FXStreet (Moscow) - USD/CHF opened the day at 0.9355, touched 0.9365 session high in Asia, before retreating back to open levels.

Strong catalysts ahead

The long-term uptrend since March, 2014 still looks intact, and even the strong resistance at 0.94 may be not a problem for the pair, provided there are more positive surprises from the US economy. The American Retail Sales may fuel the pair rise, but it may be not enough to break above the mentioned resistance. The market may now focus on the looming FOMC meeting that may either support the USD popularity, or kill the rally at current stage.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9357 with support below at 0.9338, 0.9316 and 0.9297, with resistance above at 0.9379, 0.9398, and 0.9420. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.9293 and the daily 20EMA bullish at 0.9225. Hourly RSI is bearish at 49.

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