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Ichimoku Analysis (Daily chart)
Tenken - Sen - 0.9663
Kijun- Sen - 0.9705
USDCHF has jumped more than 200 pips yesterday week on account of easing geo political tensions. The pair hits high of 0.97830 and is currently trading around 0.97635.
USDCHF is trading well above Tenken-Sen, Kijun-Sen and closed well above 200- day MA.
On the lower side, near term major support is around 0.9730 (200 -day MA) and any break below will drag the pair to next level till 0.9676/0. (61.8% fib).
It is good to buy on dips around 0.9730 with SL around 0.9625 for the TP of 0.9740.
