USD/CHF Technical Analysis: Slips below 200-hour SMA for the first time in over two weeks

   •  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