FXstreet.com (Buenos Aires) - Dollar sell-off has sent Swiss Franc under parity for first time in 18 months, with USD/CHF printing a low of 0.9960 at the time of writing. The American currency keeps falling as gold price keeps rising printing fresh record highs hour after hour, now above $ 1188/oz.

According to Valeria Bednarik, Chief Analyst at Fxstreet.com, pair remains extremely over sold in the 4 hours charts after an almost straight fall from 1.0150 area, with RSI indicator at the 26 level, if not a correction, pair at least should halt the fall before next leg down. Resistances from current level lie at 0.9980, and 1.0010, while under 0.9960, immediate support lies at 0.9920, April 2008 low