USD/CHF (a 4 hour chart)
According to the US base producer price index for October is expected to increase by 0.2%, the overall index is expected to decline by 0.1%. The housing market business activity for October by NAHB is expected to grow from 54 to 55.
The price is finding the first support at 0.9620, the next one is at 0.9560. The price is finding the first resistance at 0.9680, the next one is at 0.9750.
The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen shows a downward movement.
The MACD indicator is in a negative territory. The price is correcting.
We recommend going short with the first target - 0.9560. When the price consolidates below the first target it may go to the level 0.9500.