USD/CHF (a 4-hour chart)
The USA data influenced the pair. The United States published a large package of important reports: the Producer Price index for April (0,2% vs. forecast 0,3%).
The price is finding the first support at 0.9750, the next one is at 0.9660. The price is finding the first resistance at 0.9850, the next one is at 0.9940.
There is a confirmed and a strong buy signal. The price is above the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement forming a “Dead Cross”. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is increasing.
We recommend going long with the first target - 0.9850. When the price consolidates above the first target it may go to the level 0.9940.