Ichimoku analysis (Hourly chart)
Tenken-Sen - 1.0095
Kijun-Sen - 1.0083
USDCHF is consolidating for the past 10 hours after hitting high of 1.01140 level. The policy divergence and broad-based US dollar buying is supporting USD. Intraday trend is positive as long as support 1.00430 holds. The pair holds above 1.0100 level and this confirms minor bullishness.It is currently trading around 1.01023.
The near term major support is around 1.00430 (200- H MA) and any break below targets 1.000/0.9950. The minor support is around 1.0074-79 (23.6% fib and 55- H EMA)/1.0050.
The pair jump above 1.0100 confirms bullish continuation and a jump till 1.0170/1.0340 is possible.
It is good to buy on dips around 1.0080 with SL around 1.00430 for the TP of 1.017/1.0340.
