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Swissy broke below 0.95, and won’t stop

FXStreet (Moscow) - USD/CHF opened the day at 0.9516, slid below 0.95 in Asia, currently trading at 0.9495.

New lows ahead

The Swissy posted October high on the FOMC minutes release, as the market realized the USD strengthening was over-exaggerated. The published text only confirmed the desire of the Fed to leave the rates at current levels for a prolonged period. This may become a starting point of USD longs reduction. The euro strengthening only helps the Swissy on its way higher. And if so, we may see new lows for the pair ahead with initial target at 0.9484 support followed by 0.9451.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9544 with support below at 0.9484, followed by 0.9451 and 0.9391, with resistance above at 0.9577, followed by 0.9637, and 0.9670. Hourly Moving Averages are bearish, with the 200SMA bullish at 0.9568 and the daily 20EMA bullish at 0.9470. Hourly RSI is bearish at 23.

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