USD/CHF (a 4-hour chart)
The pair dollar/franc will trade with a tendency to decrease, being under the demand pressure for the franc within the falling pairs AUD/CHF, NZD/CHF and CAD/CHF, as a result of oil prices falling a demand for commodity currencies have declined.
The price is finding the first support at 1.0100, the next one is at 1.0030. The price is finding the first resistance at 1.0200, the next one is at 1.0270.
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 an upward movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is growing.
We advise to long with the first target – 1.0270.