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USD/CHF climbs to 0.9650

FXStreet (Córdoba) - USD/CHF erased most of yesterday losses during the last five hours and climbed to 0.9650, reaching a fresh daily high, slightly below the price it had at the beginning of the week.

Greenback is rising across the board on Wednesday, after US elections and ahead of the ADP employment report. Despite falling against the US dollar the Swiss franc is the best performer among European currencies.

USD/CHF with support at 0.9575/80

The pair bottomed yesterday at 0.9578 and today during the Asian session approached the mentioned level that offered support again. Afterwards turned to the upside and climbed further on European horus.

Again USD/CHF has approached 2014 highs that lie barely below 0.9700. From current price (0.9635/38), immediate resistance lies at 0.9650/55 and above here at 0.9665 and then 0.9690 (Nov 3 high). To the downside, support might now lie at 0.9615 and below 0.9575 (Nov 4 low).

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