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USD/CHF remains sideways above 0.9620

FXStreet (Córdoba) - USD/CHF is moving sideways for the third day in a row, holding above 0.9615/20 and below 0.9700. The pair peaked at 0.9670 but after the beginning of the European session pulled back and dropped to 0.9634.

Despite moving with a bullish bias since the second half of Thursday's American session, USD/CHF remains below an important short term resistance level located below 0.9700. To the downside, the area around 0.9615/20, that was tested everyday of the current week, remains key for the US dollar.

The Swiss franc is again the best performer among European currencies and is extending weekly gains. EUR/CHF trades at fresh 2-year lows, closer to 1.2000 while GBP/CHF is falling toward 1.5100, at the lowest in almost a month.

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