USD/CHF Technical Analysis: Greenback overshooting to 0.9960 resistance

• USD/CHF average daily range (ADR) is 64.6. Monday’s USD/CHF ADR reached 71.5 pips suggesting that any move to the upside might be capped. Additionally, USD/CHF reached 0.9961, June 21 open, resistance.
• USD/CHF is now consolidating the bullish breakout seen earlier in the day.  
• Support to the downside is likely located near the 0.9940 with the 200-period simple moving average and the bullish trendline and then at the 0.9900 figure.  

USD/CHF 15-minute chart  

Spot rate:                  0.9948
Relative change:        0.44%      
High:                         0.9966
Low:                          0.9897

Trend:                       Bearish correction

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

Support 1:                0.9920,  200-period SMA (15m), bullish trendline
Support 2:                0.9924 June 26 high
Support 3:                0.9900 figure
Support 4:                0.9870 congestion zone
Support 5:                0.9855 June 25 low