USD/CHF Technical Analysis: Greenback bulls nearing parity

• USD/CHF is trading in a bull trend above the 200-period simple moving average.  
• USD/CHF bulls have been knocking at the August high but without being able to beak above the level so far.  
• Given the strong bull momentum, the bulls could reach the parity level but they would need to keep the market above 0.9950 figure or else a pullback may be on the cards below this level.

USD/CHF 4-hour chart  

Spot rate:                       0.9966
Relative change:             0.1%      
High:                              0.9978
Low:                               0.9949

Main trend:                    Bullish

Resistance 1:                0.9986 August high
Resistance 2:                1.0000 parity level
Resistance 3:                1.0068 July 13 high

Support 1:                     0.9950 figure
Support 2:                     0.9891 October 4 low
Support 3:                     0.9868 July 31 low
Support 4:                     0.9820 August 25 low
Support 5:                     0.9807 August 22 low  
Support 6:                     0.9788 June 7 swing low (key level)
Support 7:                     0.9768 September 4 swing high