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November 14, 2024

USD/CHF advances to its highest level since late July, eyes 0.8900 on stronger USD

The USD/CHF pair builds on the previous day’s breakout momentum above a technically significant 200-day Simple Moving Average (SMA) and gains traction for the fifth successive day on Thursday. This also marks the sixth day of a positive move in the previous seven and lifts spot prices to the 0.8875 region, or the highest level since July 24 during the Asian session.

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