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USD/CHF erases intraday losses

FXStreet (Córdoba) - USD/CHF managed to reverse intraday losses during the European session and regained the 0.95 mark, moving inversely with EUR/USD.

USD/CHF bottomed out at 0.9488 but has been steadily recovery ground over the last hours to trade nearly flat at the 0.9515 zone. On the data front, traders might get some direction from US Markit services PMI and pending home sales.

USD/CHF levels to watch

In terms of technical levels, USD/CHF could find next resistances at 0.9545 (Oct 24 high), 0.9561 (Oct 15 high) and 0.9591 (Oct 10 high). On the flip side, supports are seen at 0.9485 (10-day SMA), 0.9471 (Oct 22 low) and 0.9400/0.9398 (psychological level/Oct 21 low).

United Kingdom CBI Distributive Trades Survey - Realized (MoM) registered at 31 above expectations (25) in October

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