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  • USD/CHF is trading in a bull trend above the 200-period simple moving average (SMA) on the 4-hour chart.
  • USD/CHF retreated from the 1.0100 resistance to find support just above the parity level and the 50 SMA. The RSI and Stochastic indicators are trading below the 50 line while MACD turned bearish.  
  • While the trend is bullish USD/CHF might be set for a correction down but bears would need to break the parity level first. After it, the 0.9950 figure becomes the next support.

USD/CHF 4-hour chart

Main trend:                    Bullish

Resistance 1:                1.0100 figure
Resistance 2:                1.0069 current 2018 high
Resistance 3:                1.0160 March 2017 high

Support 1:                     1.0068 July 13 high
Support 2:                     1.0000 parity level
Support 3:                     0.9986 August high
Support 4:                     0.9950 figure
Support 5:                     0.9891 October 4 low
Support 6:                     0.9868 July 31 low


Additional key levels at a glance:

USD/CHF

Overview:
       Last Price:  1.0022
       Daily change:  -63  pips
       Daily change:  -0.625%
       Daily Open:  1.0085
Trends:
       Daily SMA20:  0.9953
       Daily SMA50:  0.9814
       Daily SMA100:  0.9876
       Daily SMA200:  0.9754
Levels:
       Daily High:  1.0096
       Daily Low:  1.0034
       Weekly High:  1.0028
       Weekly Low:  0.9938
       Monthly High:  1.0096
       Monthly Low:  0.9801
       Daily Fibonacci 38.2%:  1.0072
       Daily Fibonacci 61.8%:  1.0058
       Daily Pivot Point S1:  1.0047
       Daily Pivot Point S2:  1.0009
       Daily Pivot Point S3:  0.9984
       Daily Pivot Point R1:  1.011
       Daily Pivot Point R2:  1.0135
       Daily Pivot Point R3:  1.0173