FxWirePro: USD/CHF edges lower, upbeat Swiss trade data boosts CHF
Data today showed Swiss trade surplus widened in June to 3578 mln SFR vs revised 3409 mln SFR in previous month CHF received fresh impetus from trade data, USD/CHF edged slightly lower in the European morning The pair is…
Data today showed Swiss trade surplus widened in June to 3578 mln SFR vs revised 3409 mln SFR in previous month
CHF received fresh impetus from trade data, USD/CHF edged slightly lower in the European morning
The pair is currently trading at 0.9632, after hitting a low of 0.9627 on the day
Daily Stochs show bearish crossover at overbought levels, correction could extend lower
But downside in the pair looks limited as the broad based US dollar strength to keep the pair supported
Immediate resistance is located at 0.9658 (July 20 High) while support on the downside might be located at 0.9595 (July 20 Low) and then at 0.9551 (July 17 Low)
