Intraday trend : Bullish
Ichimoku Analysis (hourly Chart)
Tenken-sen- 0.9764
Kijun-Sen- 0.9776
Trend reversal level (intra day)- 0.9776
USDCHF is showing a minor recovery after hitting low of 0.9745.The pair is trading weak for past 10 trading session and declined more than 250 pips from the high. It has taken support near 200 day MA and shown a minor jump.
The near term major intraday resistance is around 0.9776 and any violation above targets 0.9800/0.9857 (200- day MA).
On the lower side, near term support is around 0.9750 any convincing break below targets 0.9700/0.9660.
It is good to buy above 0.97760 with SL around 0.9745 for the TP of 0.9857.
Resistance
R1- 0.97760
R2 - 0.9800
R3- 0.9850
Support
S1- 0.9745
S2- 0.9700
S3- 0.9660
