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Forex: USD/CHF jumps to test 0.9525, highest since March 28th

FXstreet.com (San Francisco) - The US dollar is jumping against the Franc Swiss following the ECB president Mario Draghi speech on monetary policy decisions. The USD/CHF rose from 0.9455 to break above the 0.9500 level and test the March 31 maximum and highest since March 28th at 0.9525.

Currently the USD/CHF is trading at 0.9520, 0.75% above opening price. Pair is strongly bullish according to the FXstreet.com trend index. Indicators are bullish with the MACD, CCI and Momentum pointing higher on the 1-hour chart.

Above the 0.9525, next resistances are at 0.9555 and 0.9565. On the downside, supports ar at 0.9465, 0.9445 and 0.9425.

Draghi commented that downside risks exist in the region, and that inflation risks remain broadly balanced. He says the ECB expects recovery in the 2013 second half.

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