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Forex pairs in this Article » USD/CHF (Athens) - The USD/CHF is trading upwards today, after the heavy liquidation of the American dollar against the ‘Swissie’ on Monday.

USD/CHF moves upwards after Tuesday’s US solid data brought back ‘Septaper’ rumors

The USD/CHF fell apart on Tuesday, as it broke the crucial resistance of the 0.9200 area. Risk aversion has still markets in its grip, but in Wednesday’s European trading session the ‘greenback’ managed to move a bit higher, but well below 0.9200. Kit Juckes from Societe Generale, says that ‘The blood-letting won't really end until the Fed finally moves from taper-talk to actually cutting back bond purchases though on a positive note, we may then see a decent bounce in EM in particular and in ‘risk' overall. But for now, the risk of US/European intervention in Syria is the focus’.

Technical outlook on USD/CHF

At the time of writing, the pair is trading at 0.9186, up 0.11%. The Trend Index shows the pair to be neutral. 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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