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Forex pairs in this Article » USD/CHF (London) - USDCHF was first at the mercy of the ECB before US data took away its shine.

The ECB surprised markets with cutting rates and USD/CHF has been a roller coaster on Thursday. The pair has broken out of the resisting topside to the sideways channel marking a high of 0.9251 before falling back into the 0.91 handle where the pair currently trades around 0.9170. Meanwhile, Q3 GDP beat expectations from the US which has seen the dollar firmer in 0.91 and we now look to the NFP’s - a sub 100k NFP print will be blamed on the government shutdown, and 150k+ should see 10yr USTs continue on their path lower.

USD/CHF Levels

The 20 DMA is 0.9043, the 50 DMA is 0.9133 and the 200 DMA is 0.9318. RSI (14) reads 63.20. Supports are ascending from 0.9045, 0.9066, 0.9091 and 0.9098. Spot is 0.9139 while resistances are 0.9155, 0.9178 and 0.9185.
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