USD/CHF (a 4 hour chart)
The US dollar has taken more confidently its leading place in the foreign exchange market. The dollar strengthened against all the major competitors and rose up very close to its local maximum, marked in the middle of last month. Obviously, after the Fed protocols careful analysis investors have come to the conclusion that the
The price is finding the first support at 0.9750, the next one is at 0.9540. The price is finding the first resistance at 0.9950, the next one is at 1.0160.
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 horizontal movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is consolidating.
We advise to long with the first target - 0.9950. When the pair consolidates above the first target, we can open deals to the level of 1.0160.