Ichimoku analysis (1 Hour chart)
Tenken-Sen- 0.91491
Kijun-Sen- 0.91392
June month high– 0.92750
The pair has declined till 0.91154 after US Nonfarm payroll data. It came at 235000 in August compared to an estimate of 720000. The Unemployment came at 5.2% line with the estimate. The US dollar index has regained slightly from a low of 91.94. Any breach below 91.78 confirms the bearish trend. At the time of writing, USDCHF is hovering around 0.91518 up 0.21%.
Trend-Neutral
The near-term resistance is around 0.9160, any breach above targets 0.9200/0.92180 (trend line resistance) 0.9240/0.9275. The decline from 0.94725 will get completed if it breaks 0.92750. On the lower side, immediate support is around 0.91150. Any convincing breach below will take to the next level 0.9995/0.90750/0.9050.
Indicator (Hourly chart)
CAM indicator –Slightly Bullish
Directional movement index –Neutral
It is good to avoid until getting clear direction
