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   “¢   After yesterday’s late pull-back of around 45-pips, the pair regained positive traction and reclaimed the parity mark during the early European session on Tuesday.

   “¢   The fact that technical indicators on hourly/daily charts have been gaining positive traction support prospects for an extension of the intraday positive momentum.

   “¢   Traders, however, are likely to wait for a sustained break through the 1.0020 horizontal supply zone – coinciding with 100-hour SMA, before placing fresh bullish bets.

   “¢   On the flip side, sustained weakness below 100-day SMA might negate any near-term bullish bias and pave the way for a drop back towards multi-week lows set last week.

USD/CHF 4-hourly chart

USD/CHF

Overview:
       Today Last Price:  1.001
       Today Daily change:  24  pips
       Today Daily change %:  0.24%
       Today Daily Open:  0.9986
Trends:
       Daily SMA20:  1.0019
       Daily SMA50:  0.9944
       Daily SMA100:  0.9961
       Daily SMA200:  0.9912
Levels:
       Previous Daily High:  1.0021
       Previous Daily Low:  0.9977
       Previous Weekly High:  1.002
       Previous Weekly Low:  0.9926
       Previous Monthly High:  1.01
       Previous Monthly Low:  0.9921
       Daily Fibonacci 38.2%:  1.0004
       Daily Fibonacci 61.8%:  0.9994
       Daily Pivot Point S1:  0.9968
       Daily Pivot Point S2:  0.995
       Daily Pivot Point S3:  0.9924
       Daily Pivot Point R1:  1.0013
       Daily Pivot Point R2:  1.0039
       Daily Pivot Point R3:  1.0057