USD/CHF Technical Analysis: Greenback set to close on Friday below the parity level

• USD/CHF is in a bull trend above the 200-period simple moving average on the 4-hour chart.
• USD/CHF broke above the parity level but was not able to sustained price above it this Friday. As the US Dollar is having a correction across the board, it reasonable to expect some weakness while below 1.0000 level.  
• Supports to the downside are likely located near 0.9950 and 0.9891 October 4 low.  

USD/CHF 4-hour chart

Spot rate:                        0.9970
Relative change:            -0.22%      
High:                              1.0027
Low:                               0.9967

Main trend:                    Bullish

Resistance 1:                1.0000 parity level
Resistance 2:                1.0068 July 13 high
Resistance 3:                1.0100 figure

Support 1:                     0.9986 August high
Support 2:                     0.9950 figure
Support 3:                     0.9891 October 4 low
Support 4:                     0.9868 July 31 low