USD/CHF Technical Analysis: Reversal up sends USD/CHF back above 0.9920 level

USD/CHF fell to the 0.9900 support after which the currency pair managed to climb back up about 40 pips above the 0.9920 level.
USD/CHF is back into the weekly range pretty much unchanged for the day and the week alike as bulls are having a hard time to breakout above the parity level.
After the reversal up, bulls will try to break above the daily high at 0.9952 while bears will try to keep USD/CHF confined below the 200-period simple moving average.

Flavio Tosti Independent Analyst

USD/CHF 15-minute chart

USD/CHF daily chart

Spot rate: 0.9931
Relative change: -0.02%
High: 0.9952
Low: 0.9894

Trend: Bullish

Resistance 1: 0.9950 figure
Resistance 2: 0.9960-0.9970 area, supply level and July 27 high
Resistance 3: 0.9989-1.0000 area, June 15 high and parity
Resistance 4: 1.0043-1.0069 area, July 19 high and current 2018 high
Resistance 5: 1.0170 March 7, 2017 high
Resistance 6: 1.0343 December 15, 2016

Support 1 0.9920/25 area, August 3 low and daily 50 simple moving average
Support 2: 0.9900 figure
Support 3: 0.9867 July 31 low
Support 4: 0.9856 June 25 low
Support 5: 0.9788 June 7 swing low

Author

Flavio Tosti

Independent Analyst

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