USD/CHF Technical Analysis: struggles to gain follow-through traction beyond 50-day SMA

   •  Diverging technical indicators now seemed to keep a lid on last week's rebound from bullish flag support and any meaningful momentum beyond 50-day SMA.
   •  A strong follow-through buying above the 0.9900-0.9910 immediate strong hurdle needed to increase prospects of any further near-term up-move. 
   •  The 0.9800 handle might continue to protect the immediate downside ahead of this week's key event risk - the latest FOMC monetary policy update.

USD/CHF daily chart

Spot Rate: 0.9858
Daily High: 0.9874
Daily Low: 0.9839
Trend: Sideways

Resistance
R1: 0.9896 (R1 daily pivot-point)
R2: 0.9918 (bullish flag resistance)
R3: 0.9941 (200-period SMA H4)

Support
S1: 0.9800 (round figure mark)
S2: 0.9773 (bullish flag support)
S3: 0.9711 (200-day SMA)