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17 Apr 2015
USD/CHF finds support around 0.9500
FXStreet (Córdoba) - USD/CHF resumed the decline and printed a fresh weekly low at 0.9492 but quickly bounced back above 0.9500. After the release of CPI data in the US reached 0.9564 but currently is trading at 0.9525, down 0.26 % for the day.
The Swiss franc is rising for the fifth consecutive day against the US dollar and it has erased all losses from the previous week.
USD/CHF holds above key support
The decline from levels on top of 0.9800 so far has found support around 0.9500. To the downside, the key immediate support level is located around 0.9480, area that capped the decline several times during March and April. If USD/CHF drops below 0.9480 it would be trading at the lowest level since late February.
The Swiss franc is rising for the fifth consecutive day against the US dollar and it has erased all losses from the previous week.
USD/CHF holds above key support
The decline from levels on top of 0.9800 so far has found support around 0.9500. To the downside, the key immediate support level is located around 0.9480, area that capped the decline several times during March and April. If USD/CHF drops below 0.9480 it would be trading at the lowest level since late February.