USD/CHF (a 4 hour chart)
The frank slightly weakened against the dollar. Despite the latest correction that was provoked by the weaker-than-expected data on the U.S. labor market, the dollar strengthened against the major currencies at the end of the last week. As it became known, in the U.S., the number of new jobs without farms amounted to 209K in July vs. 233K and 288K in June. The unemployment rate rose to 6.2% against 6.1%.
The price is finding the first support at 0.9060, the next one is at 0.9035. The price is finding the first resistance at 0.9090, the next one is at 0.9130.
There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Dead Cross”. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is growing.
We advise to short with the first target - 0.9035. When the pair consolidates below the first target, we can open deals to the level of 0.9000.