USD/CHF (a 4 hour chart)
As we know from the Swiss central bank statement, it is ready to defend the national currency rate. The country main regulator expressed readiness in the currency interventions holding because of the franc to the euro further strengthening prevention.
The United States retail sales rose in August by 0.6%. The retail sales excluding cars sales increased by 0.3%.
The price is finding the first support at 0.9330, the next one is at 0.9270. The price is finding the first resistance at 0.9370, the next one is at 0.9430.
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 and form 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 correcting.
We advise to long with the first target - 0.9370. When the pair consolidates above the first target, we can open deals to the level of 0.9430.