USD/CHF, on trendless channel; are fears outweighing facts?

FXstreet.com (Chicago) – USD/CHF accumulates 0.55% daily losses so far as impulsive price action reveal tense market participants attempting to hedge risks through capital movement.

Syrian fears outweigh empiric positive results

The greenback reached double top formation earlier in the morning in the American trading session after economic US data was released with an increased consumer confidence vote at 81.5 vs. previous 81.0 and estimates at 80.3 and better-than-expected S&P/Case-Shiller Home Price Indices for the month of June (YoY) at 12.1% vs. previous 12.2% and projections at 12.0%.

USD/CHF Technical Levels

Price action reveals sideways trading within the past couple of hours and …read more