USD/CHF Technical Analysis: Greenback retraces back to the parity level against Swissy

• USD/CHF is trading in a bull trend above the 200-period simple moving average (SMA) on the 4-hour chart.
• USD/CHF retreated from the 1.0100 resistance to find support just above the parity level and the 50 SMA. The RSI and Stochastic indicators are trading below the 50 line while MACD turned bearish. 
• While the trend is bullish USD/CHF might be set for a correction down but bears would need to break the parity level first. After it, the 0.9950 figure becomes the next support.

USD/CHF 4-hour chart

Main trend:                    Bullish

Resistance 1:                1.0100 figure
Resistance 2:                1.0069 current 2018 high
Resistance 3:                1.0160 March 2017 high

Support 1:                     1.0068 July 13 high
Support 2:                     1.0000 parity level
Support 3:                     0.9986 August high
Support 4:                     0.9950 figure
Support 5:                     0.9891 October 4 low
Support 6:                     0.9868 July 31 low

Additional key levels at a glance: