USD/CHF (a 4-hour chart)
The Swiss National Bank monetary policy decision can affect the pair USD/CHF dynamics. It is expected that the central bank will maintain the same position. The pair is under the market negative attitude pressure, demand for the Swiss franc within the growing pair franc/yen and the Switzerland ZEW economic sentiment indicator growth to -37.9 in March from -73.0 in February.
The price is finding the first support at 0.9750, the next one is at 0.9540. The price is finding the first resistance at 0.9950, the next one is at 1.0160.
The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement.
The MACD indicator is in a negative territory. The price is increasing.
We advise to long with the first target - 0.9950. When the pair consolidates above the first target, we can open deals to the level of 1.0160.