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Forex pairs in this Article » USD/CHF
FXstreet.com (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.
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