The Swiss franc fell rapidly against the dollar this level. The dollar consolidated when traders believed in fact that the Fed will raise the interest rates before the end of this year. However the franc strengthened on the yesterday’s trades.
The price is finding the first support at 0.9370, the next one is at 0.9280. The price is finding the first resistance at 0.9540, the next one is at 0.9750.
There is a confirmed and a strong buy signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen show a horizontal movement and form a “Golden Cross”. The upward movement will be until the price is under the Cloud.
The MACD indicator is in a positive territory. The price is correcting.
We advise to long with the first target - 0.9540. When the pair consolidates above the first target, we can open deals to the level of 0.9725.