Ichimoku Analysis (4-Hour chart)
Tenken-Sen- 0.96903
Kijun-Sen- 0.96713
USDCHF is trading higher for 3rd consecutive days and jumped more than 150 pips on broad-based US dollar buying. DXY jumped more than 50 pips from low of 99.33 and any violation above 100 targets 100.80.
Technically, the pair is facing strong resistance around 0.9805, and any indicative break above targets 0.9845/0.9900.
The near term support is at 0.9720 and the violation below will drag the pair down till 0.9690/0.9660.
It is good to buy on dips around 0.9740 with SL around 0.9690 for the TP of 0.9845.
