USD/CHF (a 4 hour chart)
The franc fell amid the dollar growth against the most major currencies. The statistics showed that the US initial jobless claims (January 30) fell to 278K vs. 290K. However, the US trade deficit rose to $ 46.56 billion in Dec ember against the forecasted $ 38 billion.
The price is finding the first support at 0.9150, the next one is at 0.8940. The price is finding the first resistance at 0.9340, the next one is at 0.9540.
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 downward movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a neutral territory. The price is consolidating.
The pair is consolidating now. We should wait till the pair will came out of the flat.