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   “¢   The pair extended its recent retracement slide from near four-month tops and remained under some selling pressure for the fifth session in the previous six.

   “¢   The pair has now moved on the verge of breaking through the key parity mark, also coinciding with 61.8% Fibonacci level of the 0.9926-1.0125 recent upsurge.  

   “¢   The fact that the pair remains well below its important intraday moving averages – 50, 100 & 200-hour SMAs, clearly points to further near-term depreciating move.

   “¢   Bearish oscillators on hourly/daily charts further add credence to the negative outlook and set the stage for a move towards testing the 0.9975 horizontal support.

   “¢   A follow-through selling has the potential to continue dragging the pair further towards challenging the very important 200-day SMA, around the 0.9920 region.

USD/CHF  1-hourly chart


       Today Last Price:  1
       Today Daily change:  -12  pips
       Today Daily change %:  -0.12%
       Today Daily Open:  1.0012
       Daily SMA20:  1.003
       Daily SMA50:  0.9983
       Daily SMA100:  0.9971
       Daily SMA200:  0.9921
       Previous Daily High:  1.0026
       Previous Daily Low:  0.9996
       Previous Weekly High:  1.012
       Previous Weekly Low:  1.001
       Previous Monthly High:  1.01
       Previous Monthly Low:  0.9921
       Daily Fibonacci 38.2%:  1.0008
       Daily Fibonacci 61.8%:  1.0015
       Daily Pivot Point S1:  0.9996
       Daily Pivot Point S2:  0.9981
       Daily Pivot Point S3:  0.9966
       Daily Pivot Point R1:  1.0027
       Daily Pivot Point R2:  1.0042
       Daily Pivot Point R3:  1.0057