USD/CHF Technical Analysis: Finds support ahead of 200-day SMA, 0.9900 handle

   •  The pair extended last week's rejection slide from the vicinity of the parity mark and a subsequent breakthrough 200-hour SMA, falling to over one-week lows in the last hour.

   •  Bulls, however, showed some resilience ahead of the very important 200-day day SMA, or the 0.9900 handle, with the pair quickly recovering around 20-pips from session low.

   •  Technical indicators on the daily chart had just started gaining traction but hold in the bearish territory on hourly charts, suggesting indecision over the pair's intraday move. 

   •  Hence, it would be prudent to wait for a convincing breakthrough the mentioned range (1.0000-0.9900) before positioning for the pair's next leg of a directional move.