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. 
   

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