USD/CHF Technical Analysis: US Dollar bulls breaking to a new 2018 high against the Swiss franc

• USD/CHF is trading in a bull trend above its 50, 100 and 200-period simple moving average (SMA) on the 4-hour chart.
• USD/CHF bulls are driving the market well above the parity level as bulls have surpassed the 2018 high at the 1.0069 level. The MACD indicator is bullish suggesting more gains while the RSI and Stochastic are in the overbought zone; all suggesting bullish continuation.
• On the flip side, a bear breakout below 1.000 would likely invalidate the current bullish momentum.  

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: