USD/CHF (a 4 hour chart)
The Swiss franc strengthened slightly against the US currency amid the dollar decline.
The absence of important macroeconomic statistics has highlighted speculations on the interest rate differentials.
The price is finding the first support at 0.9540, the next one is at 0.9370. The price is finding the first resistance at 0.9750, the next one is at 0.9850.
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 and the Kijun-sen show a horizontal movement and form a “Dead Cross”. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is decreasing.
We recommend going short with the first target - 0.9540. When the price consolidates below the first target it may go to the level 0.9370.