The lower trend low comes in at 0.9946.
The USDCHF has moved lower on the Powell comments. The price fell below the 100 and 200 hour MAs (blue and green lines) at 0.99748 and 0.9966. Those levels are now risk for shorts. A move back above will muddy the waters for the pair.
On the downside, a trend line at 0.9946 has stalled the fall so far (the low did reach just below at 0.9943). There is some buying against the level. A correction toward the 200 hour MA should find sellers against the area.
On a move below the trend line, the swing lows will be eyed including the low for November at 0.99086.
Seller now in control below the 100 and 200 hour MAs.