Forex: USD/CHF trading 0.23% lower at 0.9070

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Forex: USD/CHF trading 0.23% lower at 0.9070

FITITOL--> FXstreet.com (Barcelona) - The greenback has continued its retreat against the swissie (third day in a row) dropping 0.23%. Pending home sales grew by 4.1% MoM, much better than expected (1.0% forecast). Initial jobless claims came short of expectations, dropping to 388K from 389K (forecast was 375K) while continuing jobless claims rose to 3.315M (instead of 3.295). Yesterday, the Federal Reserve decided to keep its key rate at 0.25% on its April 25th meeting.

The pair is currently trading at 0.9070 centimes per dollar, with resistance at 0.9118, ahead of 0.9143 and 0.9164, according to FXstreet.com pivot points on technical tools. On the downside, there is support at 0.9051 and 0.9026.