The franc strengthened against its main rivals. According to forecasts the Switzerland GDP may increase by 1% in 2015 and 1.6% in 2016. The National Bank of Switzerland policy also has a huge impact the franc dynamics. The ongoing EUR/CHF intervention limits the franc growth as well.
The first support lies at 0.9850 and then at 0.9750. The first resistance stands at 0.9960, the next one is at 1.0100.
The price action is in the Ichimoku Cloud. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement forming a “Golden Cross”.
The MACD indicator is in a neutral territory. The price is decreasing.
We advise to long with the first target - 0.9960. When the pair consolidates above the first target, we can open deals to the level of 1.0100.