Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.91113
Kijun-Sen- 0.91420
USDCHF recovered more than 100 pips from a low of 0.9050. The break of minor support turned into resistance 0.9160 shows that decline form 0.9900 got completed at 0.9050 and a jump till 0.93625 likely. The broad US dollar buying after a slightly better than expected US economic data. It hits an intraday high 0.91848 and is currently trading around 0.91749.
Short term:
In the 4-hour chart, the pair is holding slightly above Tenken-Sen 0.91982. Any break above 0.9265 confirms intraday bullishness, a jump till 0.9300/0.9362 likely.
The pair is facing primary support at 0.9100, break below targets 0.9050/0.9000.
It is good to buy on dips around 0.9160-625 with SL around 0.9100 for the TP of 0.9360.
