USD/CHF (a 4- hour chart)
The last week the U.S. dollar strengthened versus most major currencies, showing the maximum growth index of the dollar in seven weeks and adding 1% by DX. The last Fed meeting supported the dollar, increasing the likelihood of an earlier start of an increasing in interest rates in the U.S.
The dollar demonstrated the greatest growth versus the Swiss franc and the Canadian dollar (over 1%).
The first support is 0.8800, the next one is 0.8740. The first resistance is 0.8850, the next one - 0.8890.
The pair is growing. Tenkan-Sen and Kijun-Sen are directed upwards. The northern movement is strong. The cloud is directed upwards. The northern movement remains until Kijun-Sen is located below the price.
MACD histogram is in a positive zone. The histogram is decreasing.
We advise to go long with the first target 0.8893. After consolidation at this level the level 0.8958 will become the next target.