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USD/CHF refreshed 15-month highs, and took a pause

FXStreet (Moscow) - USD/CHF opened at 0.9509, and kept moving higher reaching 15-month high at 0.9531 by the Asian close; it is currently trading at 0.9520.

0.95 is left behind

The pair refreshed yearly highs today, posting 0.9531 not seen from July, 2013. Now the way up is going to be easier, especially if the US PCE deflator scheduled for release today shows higher than expected levels. Since the indicator is one of the most favorite measures of inflation used by the Fed, the closer the number is to 2% target, the more chances the monetary authorities speed up the shift to tightening, and the more reasons to see the pair closer to 0.96 handle.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9499 with support below at 0.9475, 0.9435 and 0.9411, with resistance above at 0.9539, 0.9563, and 0.9603. Hourly Moving Averages are bullish, with the 200SMA at 0.9410 and the daily 20EMA bullish at 0.9353. Hourly RSI is bullish at 58.

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