USD/CHF Technical Analysis: USD/CHF finding some resistance at 0.9960 level

• USD/CHF dropped to the 0.9930 level in the early European session and then bulls lifted USD/CHF almost to the 0.9960 resistance level.
• USD/CHF bulls want to breakout above the 0.9989-1.0000 strong resistance area while bears want to create a reversal down by driving the pair below 0.9920 August 3 low.  
• In the absence of a break above 0.9989-1.0000 area, USD/CHF is likely going to trade sideways to down in the near future. The short-term resistance is currently the 0.9960 level.

USD/CHF 15-minute chart

USD/CHF daily chart

Spot rate:                  0.9955
Relative change:        -0.17%      
High:                         0.9974
Low:                          0.9930

Trend:                       Bullish / Bearish below 0.9920

Resistance 1:           0.9960-0.9970 area, supply level and July 27 high
Resistance 2:           0.9989-1.0000 area, June 15 high and parity
Resistance 3:           1.0043-1.0069 area, July 19 high and current 2018 high
Resistance 4:           1.0170 March 7, 2017 high
Resistance 5:           1.0343 December 15, 2016

Support 1:                0.9950 figure
Support 2:                0.9920 August 3 low
Support 3:                0.9900 figure
Support 4:                0.9867 July 31 low
Support 5:                0.9856 June 25 low
Support 6:                0.9788 June 7 swing low