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USD/CHF – how to live after 2-week low

FXStreet (Moscow) - USD/CHF opened the day at 0.9048, moved higher to 0.9064, but is not ready to continue at the moment.

Two co-directional factors

The pair came under pressure due to two co-directional factors. First, USD weakened against the Swissy on risk aversion, as the latter is supposed to be the safer one. Second, the sharp turnaround of the euro supported the interest to the Swissy. It helped the pair to post 2-week low, however, the further move down is not going to be an easy task, given the chances of the USD gaining popularity again. The initial target to the upside may lie at 0.9091, and the downside may be limited by 0.9024 support.

What are today’s key USD/CHF levels?

Today's central pivot point can be found at 0.9062 with support below at 0.9024, 0.8995 and 0.8957, with resistance above at 0.9091, 0.9129, and 0.9158. Hourly Moving Averages are mixed, with the 200SMA bearish at 0.9079 and the daily 20EMA flat at 0.9037. Hourly RSI is bearish at 45.

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