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USD/CHF clinches above 0.9500

FXStreet (Córdoba) - USD/CHF received a boost from US CPI figures and climbed back above 0.9500 toward fresh weekly highs before entering a quieter phase.

USD/CHF rose more than half a cent from daily lows and peaked at 0.9535 following above forecast inflation figures from the US. However, the pair lost momentum and settled in a range over the last hours, as most of FX crosses. At time of writing, USD/CHF is trading at 0.9525, 0.37% above its opening price.

USD/CHF technical levels

In terms of technical levels, if USD/CHF breaks above 0.9535, next resistances could be found at 0.9555/60 (Oct 14 & 15 highs) and 0.9590 (Oct 10 high). On the other hand, supports are seen at 0.9485 (10-day SMA), 0.9472 (intraday low) and 0.9397/0.9400 (Oct 21 low/psychological level).

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