Ichimoku analysis (Daily chart)
Tenken-Sen- 0.88390
Kijun-Sen- 0.88556
USDCHF continues to trade higher for the past five days from a low of 0.87577 on broad-based US dollar buying. The intraday trend is neutral as long as resistance 0.8920 holds. The US dollar index is holding well above 90 levels, any violation above 91.50 confirms bullish continuation.
The pair's near term resistance at 0.8920; any break above will take to the next level till 0.89545 (55- day EMA)/0.9000. On the lower side, significant support stands at 0.8855, any indicative break below targets 0.8220/0.8800/0.8750.
It is good to buy above 0.8920 with SL around 0.8800 for TP of 0.9000.
