Ichimoku Analysis (hourly chart)
Tenken - Sen - 0.9650
Kijun- Sen - 0.9653
USDCHF has formed minor bottom around 0.9550 and shown a good jump from that level. It has broken minor trend line resistance 0.9655 and any hourly close above will take the pair to next level till 0.9700/0.97442. It should break above 0.97674 for further bullish continuation.
On the lower side, near term major support is around 0.9630 (200 -H MA) and any break below will drag the pair to next level till 0.9600/0.9550.
It is good to buy on dips around 0.9655-58 with SL around 0.9625 for the TP of 0.9740.
R1- 0.9700
R2 - 0.9745
R3- 0.9765
Support
S1- 0.9630
S2- 0.9600
S3- 0.9550
