Ichimoku Analysis (Daily chart)
Tenken-Sen- 0.91474
Kijun-Sen- 0.91210
USDCHF continues to trade higher for 5th consecutive days on broad-based US dollar buying. The US dollar index is trading higher despite weak US jobless claims. The number of people who have filed for unemployment benefits rose to 87000 compared to 845000. The pair hits an intraday high of 0.92800 and is currently trading around 0.92774.
The pair is trading well above significant resistance at 0.9245 and jump till 0.9300/0.9365 likely. The near-term support is around 0.9225, any break below will drag the pair down till 0.9180/0.9130/0.9050.
It is good to buy on dips around 0.9250-525 with SL around 0.9200 for the TP of 0.9365.
