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Ichimoku Analysis (Daily Chart)
Tenken-Sen- 0.9998
Kijun-Sen- 1.0019
USDCHF was trading higher and jumped nearly 90 pips from the low of 0.99088. The pair hits high of 1.00033 and is currently trading around 0.99863.
The near trend line resistance is around 1.0019 and any break above targets 1.0068/1.0100. Overall trend reversal only above 1.01300.
On the lower side, near term intraday support is around 0.9970 and any break below will take the pair to next level till 0.9940 (55- day EMA)/0.9910 (89- day EMA).
It is good to buy on dips around 0.9975 with SL around 0.9940 for the TP of 1.01250.
