USD/CHF: STRONG SELLING PRESSURE AT PSYCHO. 1.00 RESISTANCE

The USD/CHF pair provides us with a nicely-looking sell setup after reaching the 1.00 psychological resistance level which aligns with a horizontal resistance zone and the 61.8% Fib level.

The trade is also supported from a fundamental standpoint as US yields are plummeting and US manufacturing data hits a 10-year low.