Candlestick pattern: Doji
Ichimoku analysis (daily chart)
Tenken-Sen - 0.9789
Kijun-Sen - 0.9749
USDCHF is consolidating after hitting high of 0.99551 and has shown a minor decline of 0.99100. It is currently trading around 0.99174.
The pair’s near term support is around 0.9890 and any break below drag the USDCHF till 0.98575 (23.6% fib)/0.9797 (10- day MA).
The near term immediate resistance is around 0.9950 and any break above targets 1.000/1.00680. Any jump above 1.00680 confirms the bearish trend has stopped at 0.95420.
It is good to sell below 0.9890 with SL around 0.9945 for the TP of 0.9790.
