Filed Under:
Forex pairs in this Article » USD/CHF (Athens) - The USD/CHF is still under heavy pressure in the beginning of US markets on Syrian conflict

Despite better than expected Case-Shiller data USD/CHF loses 0.9200

The American dollar failed to pop on a surprise Case-Shiller release. While, S&P/Case-Shiller home price index for the US increased 2.2% in June, remaining close to a multi-year high, the USD/CHF tumbled below 0.9200 area, hitting a daily low as of 0.9171. Investors should bear in mind that while tapering is inevitable, timing remains uncertain and highly data-correlated. Lastly, traders might pay attention to the US consumer confidence at 14:00 GMT hours.

Technical outlook on USD/CHF

At the time of writing, the pair is trading at 0.9180, down 0.54%. The Trend Index shows the pair to be slightly bearish. Daily pivot point support can be found at 0.9107, 0.9085, 0.9062 and resistance at 0.9260 0.9286 and 0.9308, respectively.
comments powered by Disqus