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   “¢   The pair remained under some selling pressure for the second consecutive session and dropped to near one-week lows in the last hour, albeit found some support near the 1.0050 area.

   “¢   The mentioned support comprises of 200-hour SMA and also nears 38.2% Fibo. level of the 0.9926-1.0125 recent upsurge and should now act as a key pivotal point for short-term traders.  

   “¢   Technical indicators on hourly charts have been gaining negative traction and have also started losing positive momentum on the daily chart, suggesting further near-term downside.

   “¢   A sustained break below the said confluence support will reinforce the bearish bias and turn the pair vulnerable to break below 50% Fibo. support and aim towards challenging the parity mark.

USD/CHF 1-hourly chart


       Today Last Price:  1.0062
       Today Daily change:  -16  pips
       Today Daily change %:  -0.16%
       Today Daily Open:  1.0078
       Daily SMA20:  1.0036
       Daily SMA50:  0.997
       Daily SMA100:  0.9969
       Daily SMA200:  0.9918
       Previous Daily High:  1.0112
       Previous Daily Low:  1.0063
       Previous Weekly High:  1.0125
       Previous Weekly Low:  0.9977
       Previous Monthly High:  1.01
       Previous Monthly Low:  0.9921
       Daily Fibonacci 38.2%:  1.0082
       Daily Fibonacci 61.8%:  1.0093
       Daily Pivot Point S1:  1.0057
       Daily Pivot Point S2:  1.0035
       Daily Pivot Point S3:  1.0008
       Daily Pivot Point R1:  1.0106
       Daily Pivot Point R2:  1.0133
       Daily Pivot Point R3:  1.0155