USD/CHF Technical Analysis: A pullback down below 0.9950 can be imminent

• USD/CHF is trading in a bull trend as the 50 and 100-period simple moving averages (SMA) are evolving upward. The 100 SMA crossed above the 200 SMA which is seen as a bullish clue known as a golden cross. 
• USD/CHF is finding resistance below the 0.9950 level as the MACD is bearish. 
• In the absence of a breakout above 0.9950, USD/CHF is poised to trade sideways to down towards 0.9891 (October 4 low) and 0.9868 (July 31 low).

USD/CHF 4-hour chart

Spot rate:                       0.9923
Relative change:            0.04%     
High:                              0.9955
Low:                               0.9921

Main trend:                    Bullish

Resistance 1:                0.9950 figure
Resistance 2:                1.0000 parity level
Resistance 3:                1.0068 July 13 high

Support 1:                     0.9891 October 4 low
Support 2:                     0.9868 July 31 low
Support 3:                     0.9820 August 25 low
Support 4:                     0.9807 August 22 low 
Support 5:                     0.9788 June 7 swing low (key level)
Support 6:                     0.9768 September 4 swing high