The lowest US trade data reading since November 2005 has helped the Dollar gain further support. Some had expected "structural concern" worries to again weigh on the USD in the wake of the release, however, the headline USD 58.23Bn has in fact given the Greenback cause to be bought further.
USD/CHF has hit 1.2440 in the wake of the data but sellers are seen trailing back to 1.2450 so it will take a break above this latter level before the pair gaps higher or volumes increase significantly. 1.2480 is then eyed with some technicians suggesting that any close intraday above 1.2365/70 (which looks pretty viable at this stage) will put the pair on course for a rally towards 1.2535/80 then 1.2770.
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