Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.91029
Kijun-Sen- 0.91454
USDCHF recovered more than 90 pips from a low of 0.90502 on broad-based US dollar buying. The renewed trade tension between the US and China is supporting the dollar at lower levels. US President Trump has banned US transactions with Chinese-owned Tik Tok and WeChat. Markets eye US Non-Farm Payroll for further direction. It hits an intraday high of 0.91470 and is currently trading around 0.91307.
The pair is trading slightly higher, any violation above 0.9150 confirms intraday bullishness, a jump till 0.9180/ 0.9240/0.9305 is possible. The near-term is around 0.9100 and any break above targets 0.9050/0.9000.
It is good to buy above 0.9150 with SL around 0.9100 for the TP of 0.9240.
