The Swiss franc strengthened against the dollar. The dollar leveled its achievements when the Fed’s "Beige Book" showed that the economic activity continued to expand in most districts: growth rates significantly vary from weak to strong, and the labor market conditions continue to improve.
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.
There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement forming a “Dead Cross”. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a neutral 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.