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Forex: USD/CHF breaks above 0.9300

The US dollar extended gains versus the franc and broke above the 0.9300, as it continues to benefit from the latest FOMC minutes and broad risk aversion.

USD/CHF has climbed over 60 pips throughout the day and reached its strongest level in a month at 0.9328. However, the pair found resistance and pulled back slightly to currently trade around 0.9320, where it posts a 0.6% gain on the day.

"Dollar-Swiss has continued to rise and has broken 0.9300 resistance and is currently looking for a further rise towards 0.9370-80 levels", says the Kshitij Consultancy Services Team. "On the downside 0.9300 is a good support now (...) 0.9400 does look a possibility".

Forex: GBP/USD up move held at 1.5260

The GBP/USD keeps on rising during the London session. After hitting “rockbottom” at 1.5133 in late Asia, the pair kept bouncing to fully retrace its losses back to its opening price of 1.5233, 100 pips range ahead of UK CBI orders and UK 10-year bond auction.
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Forex: USD/JPY finds support at 92.80 to bounce to 93.00

The USD/JPY extended its Asian session decline throughout European time, falling to as low as 92.80, where it found support to bounce back to 93.00 area. The pair had spiked to 94.00 psychological level on yesterday’s FOMC minutes.
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