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USDCHF Price Closing In On Significant Resistance
The Swiss Franc has weakened significantly over the past month as a lack of volatility in the markets has reduced demand for safe havens. That has boosted USDCHF to its firmest levels since late December 2016 and early January 2017. However, the price is now approaching the highs reached back then, suggesting that any further gains could be limited. As the weekly chart below shows, USDCHF reached a peak of 1.0344 – not far from the current 1.0215 – and that level will be very hard for the pair to break through. The price is also heading towards overbought levels, with the 14-week relative strength index at the ... (full story)