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USD/CHF PRICE ANALYSIS: CONSOLIDATES ABOVE 0.9100 NEAR YTD HIGHS

ia7145
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  • USD/CHF climbs 0.12% amid global risk aversion, boosting demand for the US Dollar.
  • Breaking past the November 1, 2023, high of 0.9112 suggests potential for more gains, targeting the 0.9200 resistance.
  • A fallback below 0.9100 could prompt a test of the major support trendline around 0.9040.

The US Dollar posts minimal gains versus the Swiss Franc in the mid-North American session and gains 0.12%, trading at 0.9127 at the time of writing. Risk aversion, higher US Treasury yields, and solid US Retail Sales data boost the Greenback.


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