Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.95037
Kijun-Sen- 0.95053
USDCHF is trading choppy between 0.95530 and 0.94635 for the past 5 trading days. The Swiss central bank monetary policy happened yesterday doesn't have any reaction. It has kept its rates unchanged at -0.75% as expected and said that "remains will to intervene more strongly in the foreign exchange markets". The intraday is slightly neutral, significant bullishness only above levels. It is currently trading around 0.95044.
In the 4- hour chart, the pair is struggling to close above 0.9550 and any indicative close above will take to till 0.96250 (200-4H MA)/0.9650.
On the lower side, strong support is at 0.945, and the break below will take the pair to the next level till 0.9435/0.9370.Significant trend reversal only below 0.9370.
It is good to buy on dips around 0.94825-50 with SL around 0.9435 for the TP of 0.9580/0.9600.
