USD/CHF Technical Analysis: USD/CHF reversing daily gains en route to daily lows

• USD/CHF tried to escape the current weekly range by breaking out above the 0.9950-0.9961 area but the bullish incursion was short-lived as USD/CHF is trading back below the 0.9950 level reversing the daily gains by the same token.
• Bears have the advantage, their next objective is to drive USD/CHF near the daily low at 0.9931 after which 0.9920 and 0.9900 will be next on their radar. A bear breakout below 0.9900 should open the gates towards 0.9856 June 25 low.

USD/CHF 15-minute chart 

Spot rate:                  0.9937
Relative change:       -0.03%     
High:                         0.9979
Low:                          0.9931

Trend:                       Neutral to bearish 

Resistance 1:           0.9950-0.9961 area, figure and June 21 open
Resistance 2:           0.9989-1.0000 area June 15 high and parity
Resistance 3:           1.0036 weekly high
Resistance 4:           1.0069 current 2018 high
Resistance 5:           1.0170 March 7, 2017 high
Resistance 6:           1.0343 December 15, 2016

Support 1:                0.9920-0.9930 zone, demand level and congestion zone
Support 2:                0.9900 figure
Support 3:                0.9856 June 25 low
Support 4:                0.9788 June 7 swing low