Ichimoku Analysis (Daily chart)
Tenken-Sen- 0.90940
Kijun-Sen- 0.90940
USDCHF is trading higher for 3rd consecutive days on broad-based US dollar buying. The surge in new coronavirus cases in US and European countries is supporting the US dollar at lower levels. DXY is trading higher; any violation above 200 H EMA confirms bullish continuation. US bond yield jumped sharply more than 35% from a low of 0.72% in the past five days. USD CHF hits an intraday high of 0.91800 and is currently trading around 0.91800.
On the lower side, the pair is facing significant support at 0.9140 and any break below will drag down till 0.9095/0.9050. The near –term resistance is around 0.9200, an indicative break above targets 0.9245/0.9300.Significant buying only above 0.93000.
It is good to buy on dips around 0.9162-65 with SL around 0.9100 for the TP of 0.9290.
