Ichimoku Analysis (Daily chart)
Tenken - Sen - 0.9680
Kijun- Sen - 0.9704
USDCHF is continuing its bullish trend after jumping more than 250 pips in previous week.The pair has broken high made in previous week 0.98194 and jumped more than 200 till 0.98472 at the time of writing. The jump mainly mainly due to broad based buying in USD and easing geo political tensions. It is currently trading around 0.98400.
USDCHF has closed well above 200- day MA for second consecutive day and this confirms bullish continuation
On the lower side, near term major support is around 0.9780 and any break below will drag the pair to next level till 0.9730 (200- day MA)/0.9676/0. 9630 (61.8% fib).
It is good to buy on dips around 0.9780 with SL around 0.9730 for the TP of 0.9900.
