USD/CHF (a 4 hour chart)
Franc decreased by the week results. However, the week end European currencies support from the unexpectedly weak the USA industrial production. The selling was intensified after it became aware of an unexpected drop in the U.S. April industrial production by 0.6 % against the expected growth 0.1%.
As the world continues to monitor the situation in Ukraine, the UN Commission on Human Rights is concerned about «rights violations" in the Ukraine east. The observers concerned about the presidential candidates safety, as well as aggression and Crimean residents possible deportation who did not agree to take Russian citizenship.
The first support is 0.8890, the next one is 0.8850. The first resistance is 0.8920, the next is one 0.8950.
The price is above the Cloud and above Chinkou-Span, that’s a strong and confirmed buy signal.
The upward movement remains until Kijun-Sen is under the price.
MACD is in the positive territory that supports the growth.
The growth stopped. The pair is moving in a flat. We expect it to turn down and will return to the bearish path. The first target is 0.8850, the pair may decrease to 0.8790 after consolidation below that level.