USD/CHF (a 4 hour chart)
The Fed information has frozen the bears’ enthusiasm within the dollar. Obviously, the market decided to take time out for a more detailed US Central Bank statements analysis that appeared after the FOMC meeting which indicated that the door for interest rates increase is still quite wide opened.
The price is finding the first support at 0.9280, the next one is at 0.9160. The price is finding the first resistance at 0.9370, the next one is at 0.9540.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is consolidating.
We advise to long with the first target - 0.9370. When the pair consolidates above the first target, we can open deals to the level of 0.9540.