Last Friday there were no major economic news for USDCHF therefore it was chiefly under the influence of the world’s leading stock exchanges. However USD was supported by the US Labor Department releasing the Initial Jobless Claims. While maintaining its bearish trend, USDCHF have found support at 0.9875 and resistance at 0.9940.
Due to the Ichimoku indicator, the price is below the Cloud while the Tenkan-sen and the Kijun-sen are both signaling a horizontal movement. Moreover, the MACD is in negative territory showing the same prediction. A bearish trend is expected for this pair and sellers can open their positions with the first target at 0.9755.