FxWirePro- USDCHF Daily Outlook

FxWirePro- USDCHF Daily Outlook 
Ichimoku analysis (1-Hour chart)
 Tenken-Sen- 0.91406

Kijun-Sen- 0.91224

USDCHF has broken 200- day MA at 0.98036 and hits a low of 0.90576 on broad-based US dollar selling. The dovish comments from Fed members are dragging the US dollar.  The better than US economy doesn't have much impact. The intraday trend of USDCHF is still lower as long as resistance 0.9180 intact.  The number of people who have filed for jobless benefits has fallen to 498000 last week compared to a forecast of 540K. Markets eye US Nonfarm payroll data for further direction.
The US dollar index lost more than 70 pips from a high of 91.43. Any violation below 90.80 confirms minor bearishness. The long-term trend is still on the downside as long as resistance 0.94725 holds. 

Intraday day outlook:
Trend- Bearish 
The pair is trading below 200-day MA, any close below 0.9714 (100- day MA) confirms major bearishness.  A dip till 0.9000/0.98350. On the higher side, any close above 0.91200 will pave the way for the pair to reach 0.9185/0.9220/0.9260/0.9300.        
Ichimoku Analysis- The pair is trading slightly below hourly Kijun-Sen and cloud. Major bearishness only if it breaks 0.9080.    

Indicator (1-hour chart)

CAM indicator – Bullish 

Directional movement index – Bearish 

It is good to sell on rallies around 0.9128-30 with SL around 0.9180 for TP of 0.9000.