USD/CHF Technical Analysis: USD/CHF eyeing the parity level ahead of US NFP

• USD/CHF is trading up for the third consecutive day as the bulls managed to create a bullish reversal near the 0.9870 level.
• USD/CHF bulls are now trying to break through the 0.9950-0.9960 area as the gap between the 50, 100 and 200-period simple moving averages is widening, suggesting building bullish momentum.  A breakout above the 0.9970 July 27 high, would be considered very bullish as it would open the gates to challenge the parity level and beyond.
• Market participants will pay close attention to the US Nonfarm Payrolls and the Average Hourly Earnings scheduled on Friday at 12:30 GMT. The news can greatly affect USD-denominated currency pairs.  

USD/CHF 15-minute chart

Spot rate:                  0.9954
Relative change:       0.34%      
High:                         0.9957
Low:                          0.9914

Trend:                       Bullish

Resistance 1:           0.9950-0.9960 area, figure and supply level
Resistance 2:           0.9970 July 27 high
Resistance 3:           0.9989-1.0000 area June 15 high and parity
Resistance 4:           1.0036 weekly high
Resistance 5:           1.0069 current 2018 high
Resistance 6:           1.0170 March 7, 2017 high
Resistance 7:           1.0343 December 15, 2016

Support 1:                 0.9920-0.9930 zone, demand level and congestion zone
Support 2:                0.9900 figure
Support 3:                0.9867 July 31 low
Support 4:                0.9856 June 25 low
Support 5:                0.9788 June 7 swing low