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  • USD/CHF is back below the parity after USD/CHF printed a new weekly high at 1.0036.  
  • USD/CHF bullish momentum is slowing down significantly as USD/CHF is trading below the 50 and 100-period simple moving average and the 1.0000 level.  
  • A strong bear breakout below 0.9989 and the 200-period SMA can open the gates to more losses towards 0.9935, the daily 50-period SMA.

USD/CHF 15-minute chart  

Spot rate:                  0.9995
Relative change:        -0.06%      
High:                          1.0036
Low:                          0.9983

Trend:                       Bullish / bearish pullback

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

Support 1:                0.9950-0.9961 figure and June 21 open
Support 2:                0.9935 daily 50-period SMA  
Support 3:                0.9920 intraday demand level
Support 4:                0.9900 figure
Support 5:                0.9856 June 25 low
Support 6:                0.9788 June 7 swing low