Ichimoku Analysis (1-hour chart)
Tenken-Sen- 0.91587
Kijun-Sen- 0.91517
USDCHF has shown a minor sell-off after hitting a high of 0.91844. The slight jump in US bond yield and positive US economic data is supporting the US dollar index at lower levels. Markets eye US fiscal stimulus package aid for Coronavirus and US-Sino trade talks on Aug 145th for further direction. It hits an intraday high of 0.91840 and is currently trading around 0.91515.
The pair is holding above 200-H MA, any violation above 0.9185 confirms intraday bullishness, a jump till 0.9240/0.9305 is possible. The near-term is around 0.9100 and any break above targets 0.9050/0.9000.
It is good to buy on dips around 0.9140-425 with SL around 0.9100 for the TP of 0.9240.
