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   “¢   The pair extended its consolidative price action and remained confined in a narrow trading band around the 1.0050 region through the early European session on Thursday.

   “¢   Given this week’s bullish break through the 1.0020 barrier, positive technical indicators on hourly/daily charts support prospects for an extension of the recent up-move.

   “¢   However, the prevalent cautious mood across global financial markets, which tend to underpin the Swiss Franc’s safe-haven status kept a lid on any strong follow-through.

   “¢   Nevertheless, the set-up remains tilted in favour of bullish traders and hence, a move towards conquering the 1.0100 supply zone, YTD swing higher, remains a distinct possibility.

USD/CHF 1-hourly chart

USD/CHF

Overview:
       Today Last Price:  1.0046
       Today Daily change %:  -0.01%
       Today Daily Open:  1.0047
Trends:
       Daily SMA20:  1.0023
       Daily SMA50:  0.995
       Daily SMA100:  0.9963
       Daily SMA200:  0.9913
Levels:
       Previous Daily High:  1.0057
       Previous Daily Low:  1.0031
       Previous Weekly High:  1.002
       Previous Weekly Low:  0.9926
       Previous Monthly High:  1.01
       Previous Monthly Low:  0.9921
       Daily Fibonacci 38.2%:  1.0047
       Daily Fibonacci 61.8%:  1.0041
       Daily Pivot Point S1:  1.0033
       Daily Pivot Point S2:  1.0019
       Daily Pivot Point S3:  1.0007
       Daily Pivot Point R1:  1.0059
       Daily Pivot Point R2:  1.0071
       Daily Pivot Point R3:  1.0085