USD/CHF Technical Analysis: US Dollar bulls ready for a pop to the parity level

• USD/CHF is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
• USD/CHF is less than 40 pips away from the parity level as the market has been evolving in a tight range in the last 3 days. The RSI and MACD indicators are constructive although the Stochastic is crossing over from an overbought condition.
• All-in-all the bulls remain in control and a break of the parity level should open the door to 1.0068 (July 13 high).  

USD/CHF 4-hour chart

Spot rate:                       0.9975
Relative change:            -0.03%      
High:                              0.9979
Low:                               0.9974

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