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USD/CHF dips below 0.9600

FXStreet (Córdoba) - USD/CHF dipped below 0.9600 as the franc strengthened in tandem with the euro following reports Eurozone central bankers will challenge Draghi's leadership and his "secretive" management style, which markets took as threat to further easing.

USD/CHF extended its pullback from 2014 highs and dropped back below the 0.9600 mark to a low of 0.9581 in recent dealings. At time of writing, USD/CHF is trading at 0.9590, recording a 0.68% loss on the day.

USD/CHF technical levels

As for technical levels, next supports are seen at 0.9557/53 (Oct 31 low/10-day SMA) and 0.9544 (Oct 30 low). On the flip side, resistances could be found at 0.9658 (daily high) and 0.9690 (2014 high Nov 3).

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