USD/CHF (a 4- hour chart)
The Swiss franc continued to retreat versus the dollar after the SNB head Jordan announced that CHF was still high there was no reason to cancel the exchange rate limit. Moreover according to Jordan an objective of maintaining price stability will not raise interest rates in the foreseeable future.
USD/CHF is correcting after reaching the resistance at 0.9060. The support is at 0.8980, the next support is in the area 0.8930/20.
The price is directed upwards. 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 upwards. The cloud is growing.
Bollinger bands still show an upward movement.
MACD histogram is located in the positive zone. The histogram is growing.
The pair continued its growth, having reached the resistance 0.9090. This level managed still well with its role and does not let the U.S. currency to go higher. But it is obvious that “bulls” intend to retreat, therefore risks of the level breakout remain. The dollar can grow to the area 0.9205–0.9225. A drop below 0.8983 will weaken the position of bulls and it will open the road to the level 0.8905.