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4 Jun 2013
USD/CHF edges higher after US trade balance
FXstreet.com (Córdoba) - The dollar edged slightly higher after data showed US trade deficit widened less than expected to $40.29 billion in April.
USD/CHF remained fairly steady rising only a few pips on the data and leaving neutral territory to trade positively on the day around 0.9485. However, momentum wasn't strong enough to lift the pair back above 0.9500.
In terms of technical levels, next resistances are seen at 0.9510 (daily high) and 0.9560 (100-hour SMA) while supports could be faced at 0.9450 (daily low) and 0.9414 (Jun 3 low).
USD/CHF remained fairly steady rising only a few pips on the data and leaving neutral territory to trade positively on the day around 0.9485. However, momentum wasn't strong enough to lift the pair back above 0.9500.
In terms of technical levels, next resistances are seen at 0.9510 (daily high) and 0.9560 (100-hour SMA) while supports could be faced at 0.9450 (daily low) and 0.9414 (Jun 3 low).