USD/CHF (a 4 hour chart)
As Janet Yellen stated the Fed was ready to raise the interest rates. She just fears that the interest rates hike delay may complicate the monetary policy tightening in the short term which may lead the economy into recession.
The first support lies at 0.9960, the next one is at 0.9850. The first resistance stands at 1.0100, the next one is at 1.0190.
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 shows a horizontal movement and the Kijun-sen show a downward movement. The downward movement will be until the price is above the Cloud.
The MACD indicator is in a negative territory. The price is correcting.
We recommend going short with the first target - 0.9960. When the price consolidates below the first target it may go to the level 0.9850.