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USD/CHF stays depressed near lows

FXStreet (Córdoba) - USD/CHF is trading slightly lower on Tuesday with the dollar pressured by downbeat trade balance data and the swissy supported by an increase in September CPI.

US trade deficit widened more than expected to $48.33 billion in August, from $41.81 billion in July and against expectations of a $47.40 billion deficit.

USD/CHF fell nearly half a cent from highs and bottomed out at 0.9720 before recovering slightly. At time of writing, the pair is trading at 0.9735, recording a 0.21% loss on the day.

USD/CHF levels to watch

In terms of technical levels, a break below 0.9720 could pave the way toward 0.9700 (psychological level) en route to 0.9644 (Oct 2 low). On the other hand, resistances could be found at 0.9766 (Oct 6 high) and 0.9794 (Oct 2 high) ahead of 0.9815 (Sep 28 high).

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