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USD/CHF drops to 0.9575

FXStreet (Córdoba) - USD/CHF printed a fresh daily low 0.9575, approaching Monday’s lows. The pair found resistance during the Asian session at 0.9655 and since then it has been moving with a downside bias.

Price broke below 0.9620 and spiked lower after the release of the ZEW survey numbers that were better-than-expected that boosted EUR/USD. At 0.9575 rebounded and rose back toward 0.9600 where it was trading, 45 pips below yesterday's close ahead of the release of US inflation data.

USD/CHF technical levels

To the downside, immediate support lies at 0.9575 (daily low) and below here at 0.9550 (Nov 17 low) and 0.9510 (Oct 28 high). On the opposite direction resistance might be located at 0.9605 (intraday level) and above at 0.9635 and 0.9650/55 (Nov 17 , 18 high).

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