USD/CHF Technical Analysis: Greenback dropping below 0.9920 level against CHF

• USD/CHF failed to breakout above the parity level on Thursday and USD/CHF got sold in the Asian session trading now below 0.9924 June 26 high.  
• USD/CHF is trading below its main simple moving averages and there is no sign that the correction has ended yet.
• The next scaling points to the downside are seen near the 0.9900 figure and 0.9870 congestion zone.

USD/CHF 15-minute chart

Spot rate:                  0.9917
Relative change:       -0.59%      
High:                         0.9982
Low:                          0.9913

Trend:                       Bearish correction

Resistance 1:           0.9924 June 26 high
Resistance 2:           0.9961 June 21 open
Resistance 3:           0.9989-1.0000 area June 15 high and parity
Resistance 4:           1.0026 May 11 open
Resistance 5:           1.0056 current 2018 high

Support 1:                0.9900 figure
Support 2:                0.9870 congestion zone
Support 3:                0.9855 June 25 low