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Swissy’s rally – a stop, or a pause?

FXStreet (Moscow) - USD/CHF posted Asian low at 0.9526, and reversed the move climbing to current 0.9552.

Two risks tonight

It looks like the rally of the Swissy is exhausted, and the pair found a bottom at 0.9468 yesterday. The USD is gradually regaining popularity again, and stronger than expected Labor data released yesterday help the move. The pair has already rebounded above 0.95 resistance, and is trading around 0.9550 area. The looming US data may help the move higher, provided Import and Export prices come out above expectations pointing on evolving inflation. However, there is a risk the Fed’s Plosser confirms within his speech the Fed is in no rush to tighten. If so, the pair may slide below 0.95 again.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9524 with support below at 0.9488, followed by 0.9433 and 0.9397, with resistance above at 0.9579, followed by 0.9615, and 0.9670. Hourly Moving Averages are mixed, with the 200SMA bearish at 0.9570 and the daily 20EMA flat at 0.9477. Hourly RSI is bullish at 62.

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