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The USDCHF continues to trend higher within the broader bull-channel and hit new multi-week high (the highest since Nov 2) on Wednesday. Larger bulls accelerated after surprise rate cut by SNB last week, which increased pressure on Swiss franc and continues to weigh, with sustained break above psychological 0.90 barrier, adding to pair’s bullish stance. […]

The post USD/CHF: Rises to the Highest in Nearly Five Months appeared first on Action Forex.

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