Stalls at 38.2%/swing area
The USDCHF was up pushing on resistance defined by the 38.2% and swing levels on the hourly chart (see earlier post HERE). That resistance stalled the rally and the price started to move back down.
The pair is now moving back down to test the 200 hour MA at 0.9335. The 100 hour MA is at 0.9314.
Stocks are heading back to the downside. The S&P is down 16.25 points or -0.57%. The Nasdaq is back to unchanged. The Dow is down -68 points. Volatility is picking up and the markets declines could still pick up more downside steam.