Filed Under:
Forex pairs in this Article » USD/CHF (Barcelona) - The USDCHF trades higher on Tuesday mostly due to CHF weakness seen in early Asian session, allowing a rally to 0.9350 area. A following retreat found support at 0.9336, giving room for recovery.

The trade deficit in France widened in August, from ¬-4.1B to ¬-5.3B, with a higher rise of imports (¬40.89B to ¬43.45B) than the rise of exports (¬36.83B to ¬38.17B). The budget deficit widened from ¬-85.5B to ¬-97.7B.

"Further losses to the 0.9153/50 retracement should be allowed for - this is the 78.6% retracement of the move seen in 2012. It is considered to be the last defence for the low charted in 2012 at 0.8931", wrote Commerzbank analyst Karen Jones.
comments powered by Disqus