USD/CHF: The Swiss franc declined to a 2-week trough as the greenback surged on expectations that the U.S. central bank will leave borrowing costs unchanged at a two-day policy meeting starting today.
The major trades 0.05 percent up at 0.9994, having touched a high of 1.0005 earlier; it’s highest since June 3.
On the higher side, near-term resistance is around 1.0042 (May 24 High) and any break above will take the pair to next level till 1.0098 (May 30 High).
The near-term support is around 0.9925 (Jan. 14 Low), and any close below that level will drag it till 0.9879 (June 6 Low).
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