USD/CHF Technical Analysis: Stalemate can favor the bulls

USD/CHF daily chart

• USD/CHF is capped by the 50 SMA near the parity level.
• USD/CHF has been in a range for the last weeks trying to find a clear direction.

USD/CHF 4-hour chart

• The 200 SMA is offering resistance to the upside.

USD/CHF 30-minute chart

• The market is trading above its 200 SMA suggesting bullish momentum in the short-term.
• The bulls have now the advantage and the level to beat is 1.0005. The next resistances are seen at 1.0020 and 1.0035 level. 
• On the way down, support is seen near 0.9975, 0.9950 and 0.9935 level.

Additional key levels