USD/CHF (a 4 hour chart)
The dollar has strengthened its position against the Swiss franc after the positive US labor market data release. The number of employees in the US private sector by ADP in October amounted 230K, vs. 220K. The data were positive for the dollar because of some extent they confirm the Fed’s clear optimistic sentiment at the end of the FOMC last meeting.
The price is finding the first support at 0.9680, the next one is at 0.9620. The price is finding the resistance at 0.9750.
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 shows an upward movement and the Kijun-sen shows 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 growing.
We advise to long with the first target - 0.9750.