Ichimoku Analysis (4-Hour chart)
Tenken-Sen- 0.95635
Kijun-Sen- 0.96681
USDCHF has taken support near 50% fib and shown more than 120 pips jump on broad-based US dollar buying. DXY recovered sharply more than 100 pips in the past 2 trading days. It hits an intraday high of 99.57 and is currently trading around 99.50.
Technically, near term resistance is around 0.9660 and any violation beyond will take the pair to next level till 0.9705/0.9745. Significant trend continuation only over 0.9845.
On the flip side, immediate support is at 0.9600 and indicative break beneath 0.9550/0.9500.
It is good to buy above 0.9660 with SL around 0.9630 for the TP of 0.9745.
