USD/CHF (a 4 hour chart)
The manufacturing sector activity expansion continued in Switzerland in June, as it showed the report prepared by Credit Suisse. The analysts attribute the activity increase with export sales, which are supported by the regulation of the euro against the franc by the SNB.
The U.S. June labor report publication supported the dollar, pushing it to grow. The U.S. Department of Labor message was clearly encouraging for the "bulls" on the dollar. The Non Farms increased by 288 thousand in June, not by 215 thousand as was expected, and the results of May and April were revised upwards to 224 thousand from 217 thousand and 304 thousand against 282 thousand, respectively. The unemployment level fell in June, despite the fact that this parameter changes were not expected.
The price is finding the first support at 0.8920, the next one is at 0.8880. The price is finding the first resistance at 0.8950, the next one is at 0.9000.
The price is in the Cloud and under Chinkou-Span, we have a weak buy signal.
The upward movement remains until Kijun-Sen is above the price.
MACD is in a positive territory. The indicator is growing.
We recommend to long to 0.8950.