USD/CHF (a 4-hour chart)
The Swiss franc consolidated in the narrow range this week. The pair slightly increased at the yesterday’s trades.
The main event is the US retail sales report. It is expected that the report figures will not be too good because of the gasoline prices decrease, it is also expected the cars slight sales decline, but the base rate should be higher than December one by 0.4%.
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 weak buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward 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.