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USD/CHF eyes 0.9500

FXStreet (Córdoba) - USD/CHF broke above 0.9465/70 and climbed to 0.9487, hitting the highest since October 16. The pair remains above 0.9480 as the US dollar gains momentum across the board.

The recent bullish run send price from testing an important support around 0.9395 to break above yesterday’s highs. The pair bottomed at 0.9396 but rebounded and accelerated after ECB rumors about another purchase program. On top of 0.9480, the 0.9500 it a level to watch for traders.

Greenback is having so far the best day against the Swiss franc in two weeks and could post the highest close since October 15.

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