USD/CHF Morning Technical Report 9/3/2016

After showing strong bearishness below SMA50 and SMA20, bears have failed to maintain levels below 50% Fibonacci at 0.9900.

Now, struggle continues around SMA50 below 38.2% Fibonacci, which meets 1.0000 levels and therefore, we need a new attempt below 0.9930-SMA20- to affirm any bearish actions and to cancel out the new attempt on RSI to stabilize above 50.00 levels.

To recap, we will not add new positions, as we hold onto the suggested sell positions as far as 1.0015 hold.