USD/CHF (a 4 hour chart)
The Swiss franc fell against the dollar general strengthening after the FOMC last meeting minutes publication. The FOMC minutes showed that the Fed still has no plans to raise the interest rates in the near future. The Fed will use the excess reserves as a tool for a change in the interest rate. There is an increasing division between the FOMC members how rapidly the situation on the labor market will be improved. The price could not fix above the level of 0.9130.
The price is finding the first support at 0.9090, the next one is at 0.9060. The price is finding the first resistance at 0.9130, the next one is at 0.9170.
There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement and form a “Golden Cross”. 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 - 0.9130. When the pair consolidates above the first target, we can open deals to the level of 0.9170.