USD/CHF (a 4- hour chart)
The Swiss franc continued to retreat versus the dollar amid the growth recovery signs of the world economy and renew of speculations about what the fact that the fed would continue tapping the asset purchase program.
The pair is correcting after reaching the resistance at 0.9100. There is another resistance above it at 0.9125 and 0.9180 (maximums of November 20). The support is located at 0.8980, in the area of 0.8930/20.
The price is directed downwards though it is corrected. Chinkou Span is above the price. The price is above the cloud.
The northern movement is remained until Kijun-Sen is located below the price. Tenkan-sen is crossing Kijun sen downwards. The cloud is growing.
Bollinger bands still show an upward movement though the indicator started turning down.
MACD histogram is located in the positive zone. The histogram is descending.
The pair continued its growth and reached the resistance level 0.9100. Risks of level breakdown remain. In this case the bullish momentum will strengthen and the dollar will grow more important resistance at the level 0.9200–0.9220. A drop below 0.8985 will weaken the bulls’ position and open a way to 0.8900.