USD/CHF (a 4 hour chart)
The dollar maintained its optimism against the Swiss franc on Wednesday after the US non-manufacturing sector activity unexpectedly strong data. The ISM non-manufacturing sector activity index was 60.3 vs. 56.2 pp in July.
The price is finding the first support at 0.9750, the next one is at 0.9540. The price is finding the first resistance at 0.9850, the next one is at 0.9960.
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. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is correcting.
We advise to long with the first target - 0.9850. When the pair consolidates above the first target, we can open deals to the level of 0.9960.