CHF Technical Analysis

The Swiss franc came off vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0385 level and was supported around the CHF 1.0280 level.

Data released in Switzerland today saw the UBS November consumption indicator rise to 1.28 from 0.88 in October.

This represents the third consecutive monthly increase, evidencing an increase in consumer spending. U.S. dollar offers are cited around the CHF 1.0615 level.

The euro moved higher vis-à-vis the Swiss franc as the single currency tested offers around the CHF 1.4900 figure while the British pound came off vis-à-vis the Swiss franc and tested bids around the CHF 1.6440 level.

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