FxWirePro: USDCHF Daily Outlook
Ichimoku analysis (Daily chart)
Tenken-Sen- 0.88390
Kijun-Sen- 0.88521
USDCHF took support near 21- day MA and shown a minor recovery. The intraday trend is bullish as long as support 0.8845 holds. US CPI m/m came in line with the estimate of 0.4%. The annual consumer inflation surged to 1.4% vs forecast of 1.3%. 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 0.8845, any indicative break below targets 0.88220/0.8800/0.8750.
It is good to buy above 0.8920 with SL around 0.8800 for TP of 0.9000.
