Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.91516
Kijun-Sen- 0.91317
USDCHF has shown a minor sell-off after hitting a high of 0.91978. The COVID-19 vaccine optimism has decreased demand for Safe-haven assets like Yen, Swiss franc. Russian President Putin said to reporters that Vaccine "Sputnik V" has been approved and his daughter got vaccinated. Markets eye US CPI data and US-Sino trade talks on Aug 14th for further direction. It hits an intraday high of 0.91840 and is currently trading around 0.91772.
The pair is holding above 55-4H EMA, any violation above 0.92000 confirms intraday bullishness, a jump till 0.9240/0.9305 is possible. The near-term support is around 0.9100 and any break above targets 0.9050/0.9000.
It is good to buy on dips around 0.9150 with SL around 0.9100 for the TP of 0.9240/0.9300.
