Ichimoku Analysis (Weekly chart)
Tenken-Sen- 0.95894
Kijun-Sen- 0.95420
USDCHF is trading in a narrow range between 0.95530 and 0.94635 for the seven trading days. It was one of the worst performers in the past 1-month and lost more than 4% due to demand for Safe-haven assets. It is currently around 0.95039.
In the weekly chart, the pair is struggling to close above 0.95420 (Kijun-Sen), any indicative close above will take to till 0.95890 (Tenken-Sen)/0.96525 (21 MA).
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.
