USD/CHF (a 4 hour chart)
The Swiss franc continued to consolidate against the comprehensive dollar rise. The dollar shows the longest growth period since Lyndon Johnson was a head of the White House and after the Federal Reserve made us clear that the unprecedented program for the economic stimulation is almost completed in the coming year.
The dollar index has been rising for the 10th week in a row. This is the longest growth period since March 1967. For the last month the dollar rose in value by 3.1%.
The price is finding the first support at 0.9370, the next one is at 0.9330. The price is finding the resistance at 0.9430.
There is a confirmed and a strong buy signal. The price above in the Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement shows a downward movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is consolidating.
We advise to long with the first target - 0.9430. When the pair consolidates above the first target, we can open deals to the level of 0.9500.