Ichimoku Analysis (Daily chart)
Tenken - Sen - 0.9699
Kijun- Sen - 0.9699
USDCHF is continuing its bullish trend after jumping more than 250 pips in previous week.The pair has jumped more than 50 pips for the day. It hits high of 0.98905 at the time of writing. The jump mainly mainly due to broad based buying in USD and easing geo political tensions. It is currently trading around 0.98845.
USDCHF is trading above 100- day MA and confirms bullish continuation The near term resistance is around 0.9900 and any break above will take the pair to next level till 0.9945/1.0000.
On the lower side, near term major support is around 0.9780 (55- day EMA and any break below will drag the pair to next level till 0.9730 (200- day MA)/0.9676/0. 9630 (61.8% fib).
It is good to buy on dips around 0.9835-40 with SL around 0.9780 for the TP of 0.9945/1.000.
