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USD/CHF consolidates gains, still below 0.9600

FXStreet (Córdoba) - Greenback is rising for the second day in a row against the US dollar. USD/CHF peaked earlier at 0.9595, one pip below yesterday’s highs and then pulled back. The retreated from the highs found support above 0.9545/50.

The pair ahead of Wall Street closing was trading at 0.9570, up 0.20% for the day. Since yesterday is moving in a range below 0.9600 and above 0.9540, consolidating around 2014 highs.

http://www.fxstreet.com/technical-studies/currencies/usdchf/

USD/CHF will it break 0.9600?

The pair is headed toward the seventh weekly gain in a row but the week is far from over. On Thursday the ECB will announced its decision on monetary policy and on Friday official employment numbers from the US will be released. ECB decision and Draghi’s press conference are likely to affect the euro and also the Swiss franc, while the NFP report the US dollar.

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