USD/CHF (a 4 hour chart)
The franc has consolidated after the falling in the light of the dollar general strengthening against the major currencies.
The dollar is supported by speculation regarding the asset buying program soon completion.
Moreover, the Federal Reserve representative, Williams said that "we are moving in the normalization direction, and seriously considering rate hikes starting date".
FRS is likely to raise rates in the future, as the monetary policy normalization part and QE will be completed in the second half of 2014.
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 dollar/franc stuck in a narrow range between the 0.8903 and 0.8923 levels. The pressure on the franc is still present. The "bullish" testing risks are at the current highs 0.8959. This level break will open the way to the 91st figure. Falling below 0.8840-0.8800 will weaken "bullish" momentum and jeopardize the 87th figure.