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USD/CHF bounces to fresh highs after US CPI

FXStreet (San Francisco) - The US Dollar is recovering its mojo versus the Swiss Franc after the US inflation data released today as the pair is trading now at daily highs.

US CPI rose 0.1% MoM in September, higher than the 0.0% expected while the yearly inflation remained unchanged on yearly basis at 1.7%.

Earlier in the day, the USD/CHF rallied from 0.9475 area but the movement was capped at 0.9410 where the paur found some selling interest that sent it to test back lows. However, the US CPI data fueled the Greenback to bounce at minimums and to price as high as 0.9525.

Currently, USD/CHF is trading at 0.9516, up 0.27% on the day, having posted a daily high at 0.9526 and low at 0.9472. USD/CHF spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish.

USD/CHF levels

With a sustained break above the 0.9525, USD/CHF will face resistances at 0.9550 and 0.9560. On the downside, supports are at 0.9475, 0.9445 and 0.9400.

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