FxWirePro: Swissy sold on poor domestic trade data, USD/CHF hits session highs at 0.9753
Safe-havens were bid in quiet Asian trading seesion, which kept USD/CHF largely subdued Broad based US dollar recovery and poor Switzerland trade data has now buoyed USD/CHF bulls Switzerland's trade surplus shrank in Au…
Safe-havens were bid in quiet Asian trading seesion, which kept USD/CHF largely subdued
Broad based US dollar recovery and poor Switzerland trade data has now buoyed USD/CHF bulls
Switzerland's trade surplus shrank in August, coming in at bln, compared with a downwardly revised bln in the previous month
The pair hit session highs at 0.9753, staging a impressive recovery from 0.9711 struck in Asia
USD/CHF is currently trading at 0.9747, with next hurdle located 0.9762 (Sept 16 High) levels and above which it could extend gains to 0.9797 (Sept 11 High)
Near-term bias higher, caution advised as 4-hourly Stochs are at oversold levels
Breach of trend line support on the downside at 0.9707 could reignite bearish view, supports below lie at 0.9697 (Sept 10 Low) and then at 0.9600 levels
