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27 Aug 2013
USD/CHF under pressure on U.S. Vows to Hold Syria Accountable
FXstreet.com (Athens): The USD/CHF retreated today after yesterday’s gains, on both hawkish US stance on Syria and soft US data.
John’s Kerry hawkish stance against Syria damp investors’ risk appetite.
The USD/CHF moved downwards today, but still struggling to support the 0.9200 area. “While tapering is inevitable, timing remains uncertain and data-dependent,” Donald Williams, Sydney-based chief investment officer at Platypus Asset Management Ltd., which manages about $1 billion, wrote in an e-mail.
Technical outlook on USD/CHF
At the time of writing, the pair is trading at 0.9225, down 0.08%. Earlier the pair broke the crucial support as of 0.9200, touching a daily low of 0.9188. The FXstreet.com Trend Index shows the pair to be slightly bullish. 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.
John’s Kerry hawkish stance against Syria damp investors’ risk appetite.
The USD/CHF moved downwards today, but still struggling to support the 0.9200 area. “While tapering is inevitable, timing remains uncertain and data-dependent,” Donald Williams, Sydney-based chief investment officer at Platypus Asset Management Ltd., which manages about $1 billion, wrote in an e-mail.
Technical outlook on USD/CHF
At the time of writing, the pair is trading at 0.9225, down 0.08%. Earlier the pair broke the crucial support as of 0.9200, touching a daily low of 0.9188. The FXstreet.com Trend Index shows the pair to be slightly bullish. 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.