USD/CHF Technical Analysis: Bullish signals buildup

• Bull pennant breakout on the 15-min chart has opened a door for 0.9950 (pole height added to breakout price).
• So, USD/CHF looks set to scale 0.9889 - inverse head-and-shoulders neckline.
• The bullish setup indicates the pullback from the recent high of 1.00563 has ended.

15-minute chart

Spot Rate: 0.9870

Daily High: 0.9875

Daily Low: 0.9850

Trend: Bullish

Resistance

R1: 0.9889 (inverse head-and-shoulders neckline)

R2: 0.9937 (4H 200MA)

R3: 0.9983 (May 29 high resistance on 4H)

Support

S1: 0.9857 (4H 50MA)

S2: 0.9826 (May 31 low support on 4H)

S3: 0.9788 (recent low)