USD/CHF Price Analysis: Greenback up, trades above 0.9700 figure vs. Swiss franc

USD/CHF is holding above the 0.9700 handle and the 50 and 100 SMAs but below the 200 SMA on the daily chart. 

USD/CHF eased from the May highs while trading above the 0.9700 figure and the main SMAs on the four-hour chart. Bulls remain in control with an eye on the 0.9750 resistance and a retest of the 0.9800 figure near the April highs. On the flip side, support can emerge near the 0.9700 figure and the 0.9650 level.