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USD/CHF approaches 0.9500

FXStreet (Córdoba) - USD/CHF reversed during the European session and turned to the downside. After the beginning of trading in Wall Street accelerated the decline and printed a fresh daily low at 0.9524.

USD/CHF near key support

The pair remains with a bearish tone, trading near Monday and last week lows. Last Friday and yesterday the area around 0.9490 - 0.9500 capped the decline and has become a key short term support area. A break lower could open the doors for a slide toward the next potential support level located around 0.9480 (April 3 low) followed by 0.9450 (Feb 26, 27 low).

On the opposite direction, resistance levels could lie at 0.9600, 0.9625 (daily high) and 0.9670 (Apr 14 low and Apr 7 high).

DXY turns negative at 97.80

The US Dollar Index, which tracks the greenback vs. its main competitors, has plummeted to session lows in the 97.70 neighbourhood...
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EUR/JPY taking advantage of a breather from Greek woes

EUR/JPY is currently trading at 128.58 with a high of 128.78 and a low of 127.45.
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