USD/CHF Technical Analysis: Reversing daily gains - USD/CHF finding support near 0.9920 level

• USD/CHF pulled back to the 0.9920 support as the market found resistance near the 0.9950-0.9960 area. USD/CHF is currently reversing all the gains made earlier on Friday.
• USD/CHF has not been able to break above 0.9970 July 27 high and while in the near-term USD/CHF can have a bounce at the 0.9920 level, the market is likely going to need to test the 0.9900 and beyond next week.

USD/CHF 15-minute chart

Spot rate:                  0.9927
Relative change:       -0.24%     
High:                         0.9966
Low:                          0.9920

Trend:                       Bullish / Bearish below 0.9920

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