USD/CHF (a 4 hour chart)
The Swiss franc consolidates against the dollar.
Investors escape from the risky assets and prefer not to risk amid the oil prices decline that create instability on the markets and force players to worry about the global economic health.
The price is finding the first support at 0.9560, the next one is at 0.9500. The price is finding the first resistance at 0.9620, the next one is at 0.9680.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen show a downward movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is correcting.
We advise to short with the first target - 0.9560. When the pair consolidates under the first target, we can open deals to the level of 0.9500.