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USD/CHF has troubles with going back to Thursday highs

FXStreet (Moscow) - USD/CHF opened at 0.9464, and kept moving higher reaching 0.9483 in early Europe; it is currently trading at 0.9465.

Growth numbers is the key to rally

The pair made an attempt yesterday to break above 0.95 area, but failed to settle above. Lack of economic events in the morning prevents the pair from coming back to recent highs, and keep the moves contained within 20-pip range. Today’s US growth data may be strong enough catalyst to help the pair resume the rise to fresh multi-year highs. The next target may be found at 0.9533 – July,2013 high. If broken, there are no significant barriers on the way to 0.96 round number.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9478 with support below at 0.9439, 0.9413 and 0.9374, with resistance above at 0.9504, 0.9543, and 0.9569. Hourly Moving Averages are bullish, with the 200SMA bullish at 0.9393 and the daily 20EMA bullish at 0.9336. Hourly RSI is bullish at 55.

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