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USD/CHF refreshed another 15-month high on weak EMU CPI and USD strength

FXStreet (Moscow) - USD/CHF opened at 0.9512, and spent some time testing 0.95 support area, but managed to rebound trading at 0.9550 currently.

More fuel ahead

The pair came back to recent highs not seen since July, 2013. The pair sparked again on broad-based USD-strengthening seen among the majors. Hardly is it related to Hong Kong unrest, as flight to safety usually triggers demand on the Swissy and the yen. And this time it’s different. Most probably, the market started to price in the expectations of stronger than expected US reading. The just released weaker that expected EMU CPI data only poured the oil to the fire, helping the pair to break above 0.9536 resistance. US Consumer Sentiment is released tonight, and it may give more fuel for the dollar to break above 0.9582 against the Swissy.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9512 with support below at 0.9490, 0.9466 and 0.9444, with resistance above at 0.9558, and 0.9582. Hourly Moving Averages are bullish, with the 200SMA at 0.9432 and the daily 20EMA bullish at 0.9368. Hourly RSI is bullish at 55.

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