USD/CHF (a 4 hour chart)
The franc has risen against the US dollar weakening. However, later the dollar reduced its losses against the major currencies amid the expectations that the US economy is ahead of the European and Japan economy.
The price is finding the first support at 0.9430, the next one is at 0.9370. The price is finding the first resistance at 0.9500, the next one is at 0.9560.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is falling.
We advise to short with the first target - 0.9370. When the pair consolidates above the first target, we can open deals to the level of 0.9330.