币界网报道：The US Dollar to Swiss Franc (USDCHF) pair continues to fall today, hitting new lows – this time back to 2011 – with sellers firmly in control. To reverse this trend, buyers will need to rely on strong support levels, or reclaim the top technical level to signal a shift in momentum. On the weekly chart, there isn’t much meaningful support until the 0.7709 area. This level is the low from September 2011 (see weekly chart above). On the top, a move back above the April low of 0.8032 would represent a potential turning point for buyers. The pair is currently trading near 0.7904, roughly in the middle of this wide weekly range. Switching to the hourly chart, price has been well below the 100 hourly moving average (at 0.7986) since breaking below it on June 23, when it traded near 0.8170. In just six trading sessions, the pair has fallen to a low of 0.78714 – a significant drop in a short period of time. That said, today’s low has found support at the lower trendline connecting the June 24 and June 26 lows (see chart below). Holding above that line could signal a temporary bottom and attract some dip buying or profit-taking. What could add confidence to buyers? First, a breakout above yesterday’s close and today’s high near 0.7930. Then, a breakout above Friday’s low at 0.7957. Finally, a sustained move above the 100-hour moving average at 0.7986. These are the next three key upside targets that could signal a shift in momentum. For now, holding trendline support offers buyers a glimmer of hope that the relentless selling may be pausing — at least temporarily. Conversely, a move back below the day’s low and then a break below the downward sloping trendline would not bode well for those hoping for a bottom and turn to the upside in USDCHF.