USD/CHF Technical Analysis: Is there a top in the making for the Swissy?

USD/CHF daily chart

• USD/CHF is trading just below yesterday’s high.

USD/CHF 4-hour chart

• The last bar had a long tail on top suggesting a potential pullback down in the medium-term.

USD/CHF 30-minute chart

• The market is trading above its main SMA suggesting bullish momentum in the short-term, therefore we don’t have a clear sign for a top just yet.
• Bulls still have the trend on their side but they will need to break above tough resistances near 1.0050, 1.0060 and 1.0070 level.
• Support is at 1.0020, 1.0005, 0.9975 and 0.9950. 

Additional key levels