USD/CHF Technical Analysis: Triangle compression pattern can send USD/CHF to 0.9900 level

• USD/CHF has been in a trading range since early May.  
• USD/CHF found support a few pips before 0.9788 June 7 swing low and is currently trying the reverse the bear leg of the last few days. USD/CHF is consolidating in a triangle compression pattern. Additionally, it is finding support with the 100 and 200-period simple moving averages which are now starting to flatten. Upside targets are located at 0.9900 and 0.9950 figure.  
• A bear breakout below 0.9820  would invalidate the bullish bias.  

USD/CHF 15-minute chart  

Spot rate:                  0.9855
Relative change:        0.25%      
High:                         0.9860
Low:                          0.9821

Main trend:               Neutral

Resistance 1:           0.9856 June 25 low
Resistance 2:           0.9867 July 31 swing low
Resistance 3:           0.9900 August 14 low
Resistance 5:           0.9950 figure

Support 1:                0.9835 August 23 low
Support 1:                0.9807 August 22 low  
Support 2:                0.9788 June 7 swing low
Support 3:                0.9756, 200-day simple moving average