USD/CHF (a 4- hour chart)
Swiss franc retreated versus the U.S. dollar. FOMC minutes did not impact the market while the labor The Swiss franc strengthened versus the U.S. dollar. Last Friday unemployment report showed that the rate remained unchanged at 3.2% m/m.
USD/CHF is back to 0.9070 after testing 0.9125. Another resistance is higher at 0.9180 (maximum of 20 November). The return below 0.9020 will return the market's focus on the support 0.8980.
The price is directed upwards though it is corrected. Chinkou Span is above the price. The price is above the cloud.
The northern movement is remained until Kijun-Sen is located below the price. Tenkan-sen is crossing Kijun sen downwards. The cloud is growing.
Bollinger bands still show an upward movement though the indicator started turning down.
MACD histogram is located in the positive zone. The histogram is descending.
The northern movement comes to "naught." We expect the correction toward the cloud to be continued. The pair may reach 0.8990. Should the pair break the Cloud down USD/CHF will return to the southern movement, the first target is 0.8950. If the pair bounces from the Cloud Up the targets are 0.9090 and 0.9130.