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  • 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:

USD/CHF

Overview:
       Last Price:  1.0082
       Daily change:  30  pips
       Daily change:  0.298%
       Daily Open:  1.0052
Trends:
       Daily SMA20:  0.9945
       Daily SMA50:  0.9809
       Daily SMA100:  0.9874
       Daily SMA200:  0.9752
Levels:
       Daily High:  1.0054
       Daily Low:  1.0008
       Weekly High:  1.0028
       Weekly Low:  0.9938
       Monthly High:  0.982
       Monthly Low:  0.9542
       Daily Fibonacci 38.2%:  1.0036
       Daily Fibonacci 61.8%:  1.0026
       Daily Pivot Point S1:  1.0022
       Daily Pivot Point S2:  0.9993
       Daily Pivot Point S3:  0.9977
       Daily Pivot Point R1:  1.0068
       Daily Pivot Point R2:  1.0083
       Daily Pivot Point R3:  1.0113