The Swiss franc rose against the dollar on the wave of the total US currency sales after the FOMC protocols publication. Meanwhile, the Fed's representative Fisher predicts that the rate will be increased by 4 times in 2016. He noted that the Fed currently has no information how many times the rate would be changed in 2016. However, the Atlanta Federal Reserve Bank raised its GDP growth forecast in Q4 on Wednesday.
The first support resides at 0.9960, the next is at 0.9850. The first resistance stands at 1.0100, the next one is at 1.0190.
The indicator shows a strong buy signal. The price is above the Cloud and is above the Chincou-span. The Tenkan-sen shows a downward movement and the Kijun-sen shows a horizontal movement. 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 advise to short with the first target - 0.9850. When the pair consolidates below the first target, we can open deals to the level of 0.9750.