USD/CHF (a 4 hour chart)
The US published a consumer price index for January at the level of 0,3% m/m (the previous value was 0,2% m/m; the forecast was 0,2% m/m). The consumer price index excluding food and energy prices for January showed 2,2% y/y (the previous value was 2,1% y/y; the forecast was 2,1% y/y).
The first support resides at 0.9859, the next is at 0.9750. The first resistance stands at 0.9960, the next one is at 1.0100.
The price is in the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen shows movement a horizontal and the Kijun-sen shows an upward movement.
The MACD indicator is in a positive territory. The price is correcting.
We advise to short with the first target - 0.9850. When the pair consolidates below the first target, we can open deals to the level of 0.9750.