USD/CHF Technical Analysis: USD/CHF supported at 0.9900 level

• USD/CHF is in its second day of consolidation after USD/CHF lost about 140 pips last week.  
• USD/CHF is currently capped by the 0.9950-0.9961 area and bulls would need a breakout above the zone in order to re-establish a bullish bias. For bears 0.9920 and 0.9900 figure are the supports to overcome in order to claim lower prices.
• The 50 and 100-period simple moving averages have crossed above the 200 SMA, suggesting a mild bullish bias.

USD/CHF 15-minute chart  

Spot rate:                  0.9940
Relative change:       0.18%      
High:                          0.9955
Low:                          0.9919

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:                0.9929  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