USD/CHF Technical Analysis: Slow grind up above parity level – Will it last?

• USD/CHF is trading in a bull trend above the 200-period simple moving average (SMA) on the 4-hour chart.
• USD/CHF bulls next objective is to break above 1.0068 (July 13 high). They have the main trend on their side, however, the RSI is slowing down but still above 50 and the Stochastic is already in the overbought zone. All suggesting relative weakness in the current market.
• Failure to recapture 1.0068 (July 13 high) might lead to a pullback to 1.0000 parity level. Alternatively, a break above 1.0068 should see a retest of 1.0100 current 2018 high.  

USD/CHF 4-hour chart

Main trend:                    Bullish

Resistance 1:                1.0068 July 13 high
Resistance 2:                1.0100 current 2018 high  
Resistance 3:                1.0160 March 2017 high
Resistance 4:                1.2000 figure

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

Additional key levels at a glance: