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USD/CHF stretches to daily highs at 1.0080

FXStreet (Tokyo) - The US dollar is extending its advance against the Swiss Franc and after jumping 50 pips from 1.0030 to trade at daily highs at 1.0080. As the EUR/USD trades sideways, so the USD/CHF.

Currently, USD/CHF is trading at 1.0074, up 0.51% on the day, having posted a daily high at 1.0083 and low at 1.0018. USD/CHF spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

US Dollar to Swiss Franc exchange rate levels

If the pair manages to extend highs, it will find next resistances at 1.0100 and 1.0120. To the downside, the USD/CHF will find supports at 1.0030, 1.0010 and 1.0000.

USD strength, a horror show for Fed? – Investec

With USD strength resuming after yesterday’s correction, Jonathan Pryor, Head of FX dealing at Investec, views that the dollar’s sharp and volatile moves might lead to Fed making specific references to these risks.
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