USD/CHF (a 4-hour chart)
The pair dollar/franc potential reduction is limited by the franc sales within the growing pairs: AUS/CHF, NZU/CHF and CAD/CHF. It is also supported by the Switzerland negative interest rates and the Swiss National Bank intervention threat with the franc sales.
The price is finding the first support at 0.9150, the next one is at 0.8940. The price is finding the first resistance at 0.9340, the next one is at 0.9540.
There is a confirmed and a weak 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. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a neutral territory. The price is growing.
We advise to long with the first target - 0.9750. When the pair consolidates above the first target, we can open deals to the level of 0.9950.