USD/CHF (a 4 hour chart)
The franc grows following the euro. The FOMC meeting was in focus. On its results the Fed buying volume decreased from $20 billion to $15 billion. According to the Fed's the economy has grown in recent months: the GDP growth forecast for 2015 is 3% to 3.2%; forecast for 2016 is between 2.5% to 3%.
The price is finding the first support at 0.8950, the next one is at 0.8920. The price is finding the first resistance at 0.9000, the next one is at 0.9035. The price is under the Cloud and under Chinkou-Span, that’s a weak and confirmed sell signal. The downward movement remains until Kijun-Sen is under the price. MACD is in the negative territory.
We advise to consider short positions with the first target - 0.8903. When the price consolidates above the first target it will go to the level 0.8855.