“¢ The pair extended overnight corrective slide from near 18-month lows and has now slipped below 100-hour SMA for the first time in over two-week.
“¢ Technical indicators on hourly charts point to an extension of the corrective slide, though continue to hold in the bullish territory on the daily chart.
“¢ Hence, it would be prudent to wait for a strong follow-through selling below the parity mark before positioning for any further near-term downfall.
“¢ The mentioned handle coincides with 38.2% Fibonacci retracement level of the 0.9848-1.0095 recent upsurge and might thus act as an important pivotal point for the pair’s intraday momentum.
USD/CHF 1-hourly chart
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USD/CHF
Overview:
Last Price: 1.0006
Daily change: -15 pips
Daily change: -0.150%
Daily Open: 1.0021
Trends:
Daily SMA20: 0.9958
Daily SMA50: 0.9817
Daily SMA100: 0.9877
Daily SMA200: 0.9757
Levels:
Daily High: 1.0092
Daily Low: 1
Weekly High: 1.0028
Weekly Low: 0.9938
Monthly High: 1.0096
Monthly Low: 0.9801
Daily Fibonacci 38.2%: 1.0035
Daily Fibonacci 61.8%: 1.0057
Daily Pivot Point S1: 0.9983
Daily Pivot Point S2: 0.9945
Daily Pivot Point S3: 0.989
Daily Pivot Point R1: 1.0076
Daily Pivot Point R2: 1.0131
Daily Pivot Point R3: 1.0169
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