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22 Jan 2015
USD/CHF fails to hold above 0.8700
FXStreet (Córdoba) - USD/CHF recovered from the 0.8500 area and briefly rose above 0.87 before the recovery lost momentum.
Amid the ECB turbulence, USD/CHF found support at the 0.8520 area and climbed more than 200 pips to hit a daily high of 0.8738 during the American session. However, the pair failed to hold above the 0.87 mark and pulled back to currently trade at 0.8680, still up 1.07% on the day.
USD/CHF has been trading in a wide range between 0.8450 and 0.8830 as it searches for direction following the SNB surprise decision to remove the franc cap a week ago.
Amid the ECB turbulence, USD/CHF found support at the 0.8520 area and climbed more than 200 pips to hit a daily high of 0.8738 during the American session. However, the pair failed to hold above the 0.87 mark and pulled back to currently trade at 0.8680, still up 1.07% on the day.
USD/CHF has been trading in a wide range between 0.8450 and 0.8830 as it searches for direction following the SNB surprise decision to remove the franc cap a week ago.