USD/CHF - selling gathering pace below key Fibo level

Pair's re-entry into falling channel on daily chart yesterday and also a bearish closing below rising trend line level indicates bears are in control.

We also see failure to take out 0.9714 (100% Fibo expansion) earlier today, following which fresh offers came-in.

The only factor that could stall the selling is the oversold status of the pair on intraday charts. If so, the spot could find itself stuck in the range of 0.9744-0.9600.