USD/CHF (a 4-hour chart)
No important macroeconomic statistics was published last Friday. The course of trading was determined by the world's leading stock exchanges. Meanwhile, the US dollar found a support when the US Labor Department published Initial Jobless Claims. The index fell by 18,000 to 259,000 from 277,000 in the previous week. Analysts had expected a decrease of 2,000 to 275,000.
The first support resides at 0.9800, the next is at 0.9750. The first resistance stands at 0.9880, the next one is at 0.9960.
There is a confirmed and a strong sell signal. The price is below the Ichimoku Cloud. The Tenkan-sen and the Kijun-sen show a horizontal movement. The downward movement will be until the price is below the Cloud.
The MACD indicator is in a negative territory. The price is decreasing.
We recommend to short. The first sell target is the level of 0.9800. Having broken this level the pair shall go deeper to 0.9750.