USD/CHF: The Swiss franc advanced to a 5-1/2 month peak amid rising tensions between Iran and the United States, after Iran shot down an American drone. The major trades 0.1 percent down at 0.9751, having touched a low of 0.9749 on Thursday; it’s lowest since Jan. 10.
On the higher side, near-term resistance is around 0.9851 (38.2% retracement 1.0014 and 0.9749) and any break above will take the pair to next level till 0.9920 (June 10 High). The near-term support is around 0.9737 (Sept. 28 2018 Low), and any close below that level will drag it till 0.9700.
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