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Forex: USD/CHF nears 2013 high

The dollar has continued to strengthen during the New York session, and recently broke above the 0.9350 area against the Swissy to reach its highest level in 6 weeks at 0.9371.

The greenback has benefited by the cautious mood on Thursday as the US is only hours away from the so-called 'sequester'. USD/CHF has climbed over 80 pips throughout the day and it is presently trading around 0.9365, where it is 0.8% above its opening price.

As for technical levels, next resistances are seen at 0.9390 (2013 high) and 0.9430 (200-day SMA), while supports in case of pullbacks could be found at 0.9300 (psychological level), 0.9280 (Feb 28 low) and 0.9230 (Feb 25 low).

Forex: EUR/USD testing session lows around 1.3070/75

The euro is navigating in session lows in the vicinity of 1.3070/75, as the risk-off mode is prevailing in the global markets, keeping the euro demand subdued....
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Session Recap: USD advances ahead 'sequester'

The EUR/USD traded decoupled from its historical correlation with Wall Street as the Dow Jones rallied close to all time highs but the EUR/USD was down to test the 1.3060 level. Risk-off mode is prevailing in currencies as cautiousness amongst investors is set to prevail ahead of the so called US ‘sequester’, which kicks in tomorrow.
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