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USD/CHF falls to near 0.9700 after US data

USD/CHF fell to fresh 9-day lows as the greenback fell sharply on the back of disappointing US retail sales data for July.

US retail sales held steady at a seasonally adjusted $457.73 billion in July, below expectations of a 0.4% rise. Separated data showed PPI contracting 0.4% in July, while core prices dropped 0.3% in the same period, both missing expectations.

USD/CHF dropped over half a cent following the release and hit a low of 0.9707 before finding support and recovering a few pips. The pair was last trading at 0.9720, still 0.34% below its opening price. 

USD/CHF technical levels

On the downside, next supports could be found at 0.9700 (psychological level), 0.9663 (Aug 1 low) and 0.9632 (Aug 2 low). On the other hand, resistances line up at 0.9745 (50-day SMA), 0.9765 (Aug 12 high) and 0.9793 (20-day SMA).
 

USD/CAD slumps to 1.2930 post-US data

USD/CAD tumbled to fresh 3-week lows in the 1.2930 area following miserable prints from today’s US docket. USD/CAD weaker as USD sinks further The g
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NZD/USD still bullish, but gains appear limited – UOB

In opinion of the research team at UOB Group, NZD/USD’s outlook remains on the bullish side, although further upside seems limited in the near term.
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