Ichimoku analysis (Hourly chart)
Tenken-Sen- 0.88397
Kijun-Sen- 0.88572
USDCHF almost formed a double bottom around 0.8820 and shown a minor jump. The intraday trend is neutral as long as resistance 0.88950 holds. The Swiss Central Bank has kept its rates unchanged at -0.75% and still considered the Swiss franc to be "highly overvalued". The number of people who have filed for unemployment benefits rose to 885K compared to a forecast of 817K.
The pair is facing strong intraday resistance at 0.8890 and any break above will take to the next level till 0.8945/0.8988. Minor bullishness only above 0.9000.
On the lower side, the near term support is around 0.8850, and a dip till 0.8800 is possible.
It is good to buy on dips around 0.8820 with SL around 0.8800 for TP of 0.8945.
