USD/CHF technical analysis: Greenback bulls challenge the 0.9900 handle

• USD/CHF is picking up some steam as the greenback is gaining momentum.
• Immediate support is at 0.9870 and 0.9855.

USD/CHF daily chart

USD/CHF is in a bull leg below the main daily simple moving average (DSMA). The market is currently erasing its intraday losses. 

USD/CHF 4-hour chart
 

USD/CHF is challenging the 0.9900 handle and the 200 SMA. If broken the next resistance is seen at 0.9935 according to the Technical Confluences Indicator.

USD/CHF 30-minute chart

USD/CHF is trading between the 50 and 100 SMAs suggesting a consolidation in the near term. Support is seen at 0.9870 and 0.9855, according to the Technical Confluences Indicator. 

Additional key levels