Flight to safety as stocks/terrorist attack/Washington are a concern
The USDCHF is trading to new session lows as stocks continue to fall, the action in Barcelona is being called a terrorist attack, and the uncertainty in Washington weigh on equities.
Technically, the USDCHF trades toward the 0.9605-10 area. The 0.9605 is the 50% of the move up from the end of July. The 0.9610 was a swing low from last week. As I type the price just printed 0.9605.
Out of Barcelona the reports are frankly unreliable. The laterst report is 1 dead and 32 injured with 10 seriously injured. This is different than the report that 13 were killed.
