FxWirePro- USDCHF Daily Outlook

Ichimoku analysis (4-hour chart)

 Tenken-Sen- 0.93636

Kijun-Sen- 0.93592

USDCHF breaks significant resistance 0.9375 and holding well above that level on strong US dollar buying.  The safe-haven demand has increased on EU ban on the vaccine and the blockage of the Suez Canal. The DXY is holding above 92.67 (200- day EMA). A jump till 93.25/93.60.USDCHF hits an intraday high of 0.9410 and is currently trading around 0.94061.             

The pair is facing significant resistance at 0.9435; a surge past this level confirms intraday bullishness. A jump till 0.94713/0.9500. On the lower side, significant support stands at 0.93, any indicative break below targets 0.9260/0.9200/0.9150/0.9100.

Ichimoku Analysis- The pair is trading well above Kijun-Sen, Tenken-Sen, and cloud. Minor weakness only if it breaks 0.9375.

Indicator (1-hour chart)

CAM indicator – Bullish

Directional movement index – Bullish

It is good to buy on dips around 0.9395-98 with SL around 0.935 for a TP of 0.95000.