Ichimoku analysis (Hourly chart)
Tenken-Sen- 0.8861
Kijun-Sen- 0.88749
USDCHF continues to trade higher after a minor dip. The pair is struggling to close above 0.8900 for the past two days. The minor recovery in the US dollar due to stimulus uncertainty and spread of new stain of coronavirus in the UK. Markets US jobless claims, personal spending, and durable goods data for further direction. It hits an intraday high of 0.8896 and is currently trading around 0.88869
The pair is facing strong resistance at 0.8920 and any break above will take to the next level till 0.8965/0.9000. Minor bullishness only above 0.9000.
On the lower side, the near term support is around 0.8870, and a dip till 0.8845/0.8800 is possible.
It is good to buy on dips around 0.8880 with SL around 0.8845 for TP of 0.9000.
