Forex technical analysis: USDCHF tests the midpoint of the recent extremes (and other levels)

50%, 100 day MA , 200 day MA

The USDCHF has moved lower after the weaker than expected US retail sales and PPI data. The pair is testing what is the lower of three key technical levels - the 100 day MA (blue line in the chart below at 0.95676), the 50% retracement of the move up from the August low to the September high (at 0.95496), and the 200 day moving average (green line at 0.9521).

The pair has been using the MAs as dividing borderlines for bullish and bearish this year. When the price moves above, it is more bullish. If it moves below, it is more bearish (see green circles). The market is looking to tip the bullish/bearish meter to the downside on a break of the 200 day MA at 0.9521.