Below broken trend line too at 0.9676
The USDCHF falls further away from it’s 100 and 200 hour MAs (blue and green lines) at 0.9717 and 0.97104 respectively). The price has also moved below an old broken trend line at 0.9676 on the fall off the weaker CPI data.
IThe 0.9651 (low from August 31) and the low from last week at 0.96407 are targets on more weakness. The 0.96407 was the lowest level since April 17th. Note that there were rumblings that the SNB was intervening at the lows last week.
Looking at the daily chart, the 50% of the move up from the Feb 2018 low (low for the year) comes in at 0.96267. That too is a key level for the pair. A move below the low and the 50% would be a more bearish development.
Staying on the daily chart, the price highs this week were able to get back above the 200 day MA, but those breaks could not be sustained (bearish).