Forex - USD/CHF up in U.S. trading hours

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday after the release of U.S. data on Federal Budget Balance.

USD/CHF was trading at 0.7287, up 1.04% at time of writing.

The pair was likely to find support at 0.7074, Tuesday’s low, and resistance at 0.7716, Friday’s high.

Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -129.4B last month from -43.1B in the preceding month.

Analysts had expected U.S. federal budget balance to fall to -140.0B last month.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 1.26% to hit 1.4195 and USD/JPY falling 0.16% to hit 76.84.

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