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Forex pairs in this Article » USD/CHF
FXstreet.com (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 FXstreet.com 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.
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