USD/CHF: the greenback is up
Tatiana Norkina, FBS analyst
The results of yesterday's FOMC meeting made the dollar strengthened sharply. The rate jumped to around 0.9745 against the Swiss franc, breaking the four-hour Ichimoku cloud. However, in this range (up to 0.9765) we are able to see another strong resistance after testing of which the correction in the area of the upper boundary of the cloud becomes possible.
Ichimoku lines are in the flat. Tenkan-Sen and Kijun-sen can not determine the direction, but they canceled the action of a dead cross. The cloud remains bearish in nature.
Oscillators rather quickly reacted to the growth and rebuilt on the bulls side. The MACD histogram crossed the zero level up, but the RSI is moving in the upper end of the range.
Technical levels: support - 0.9700, 0.9675; resistance - 0.9745 / 65.
1. Sell - 0.9750; SL - 0.9770; TP1 - 0.9700; TP2 - 0.9675.
2. Buy - 0.9675; SL - 0.9655; TP1 - 0.9750; TP2 - 0.9790.