USD/CHF (a 4 hour chart)
The Swiss franc has grown while the dollar has reached its minimum level for the week against the euro and suffered losses against several other major currencies after the ECB has kept its monetary policy unchanged while the German Bunds bond yields continued to grow. The dollar had strengthened only at the end of the trades.
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 correcting.
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.