USD/CHF (a 4-hour chart)
The Swiss investors' attention was directed to the United States statistics amid an empty macroeconomic calendar. The USA published Initial Jobless Claims report (278k vs. expectations 275k). The USA published Philadelphia Fed Manufacturing Survey (-1.8 vs. forecast 3.5).
The price is finding the first support at 0.9850, the next one is at 0.9750. The price is finding the first resistance at 0.9940, the next one is at 1.0020.
There is a confirmed and a strong buy signal. The price is above the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen show an upward movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is correcting.
We advise to long with the first target - 0.9940. When the pair consolidates above the first target, we can open deals to the level of 1.0020.