USD/CHF Technical Analysis: USD/CHF ending the week in the red below the parity level

• USD/CHF is continuing losing momentum as it is trading below its 200-period simple moving average and broke below the 0.9950-0.9961 area.  
• USD/CHF bull trend is in a consolidation phase as USD/CHF failed to recapture the 2018 high established last week at 1.0069.  
• While USD/CHF is at risk of a bearish reversal, it still has to overcome the 0.9856 support, June 25 low.

USD/CHF 15-minute chart  

Spot rate:                  0.9944
Relative change:       -0.45%      
High:                         1.0012
Low:                          0.9937

Trend:                       Bullish / bearish pullback

Resistance 1:           0.9950-0.9961 area, figure and June 21 open
Resistance 2:           0.9989-1.0000 area June 15 high and parity
Resistance 3:           1.0036 weekly high
Resistance 4:           1.0069 current 2018 high
Resistance 5:           1.0170 March 7, 2017 high
Resistance 6:           1.0343 December 15, 2016

Support 1:                0.9933 daily 50-period SMA  
Support 2:                0.9920 intraday demand level
Support 3:                0.9900 figure
Support 4:                0.9856 June 25 low
Support 5:                0.9788 June 7 swing low