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Swissy getting stronger on Retail Sales

FXStreet (Moscow) - USD/CHF opened the day at 0.9580, touched 0.9618 high in Asia, before retreating to current 0.9585 in reaction to Swiss data.

New opportunity to sell

The pair is reacting to broad-based USD correction lower, and even weaker-than-expected Swiss CPI data didn’t help the pair to rebound. However, stronger Retail Sales out of Switzerland (1.9% vs 0.7%) were used as an opportunity to resume the pair selling. As a result, the Swissy reached 0.9582 high in early Europe, and is showing some desire to go on with next target to the downside at 0.9537 support level.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9613 with support below at 0.9537, followed by 0.9491 and 0.9415, with resistance above at 0.9659, followed by 0.9735, and 0.9781. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.9546 and the daily 20EMA bullish at 0.9454. Hourly RSI is bearish at 40.

Czech Republic FX Reserves: €43.53B (September) vs €43.18B

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