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   “¢   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

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