Ichimoku analysis (320- min chart)
Tenken-Sen- 0.99737
Kijun-Sen- 0.99390
USDCHF is consolidating in a narrow range with low volatility. Markets waiting for US Prelim GDP and Chicago PMI data to be released today for a further breakout. The hopes of the US-China trade deal are supporting the pair at lower levels.DXY continues to trade over 98 and any violation beyond 98.45 confirms intraday bullishness.
USDCHF hits a high of 0.99874 at the time of writing and is currently trading around 0.99801.
On the higher side, near-term resistance is around 1.0030, any violation beyond will take the pair to the next level till 1.0050/1.0100. Major bullishness only over 1.0100.
The major intraday support is at 0.9926, an indicative break beneath will drag the pair down till 0.9900/0.9840.
