USD/CHF (a 4-hour chart)
The pair is under pressure amid the US Treasury bond yields decrease. The pair potential reduction is limited by the franc sales in the decreasing franc/yen, the Switzerland unexpected consumer price index decrease by 0.1% in November against the forecast of 0.0% and the extremely loose monetary policy by the Swiss National Bank.
The price is finding the first support at 0.9680, the next one is at 0.9620. The price is finding the first resistance at 0.9750, the next one is at 0.9800.
There is a confirmed and a weak buy signal. The price is on 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 neutral territory. The price is decreasing.
The pair is correcting now. We expect the new growth. We advise to long with the first target - 0.9750. When the pair consolidates above the first target, we can open deals to the level of 0.9750.