Ichimoku Analysis (Hourly chart)
Tenken-Sen- 0.96714
Kijun-Sen- 0.96707
USDCHF is trading in a narrow range between 0.95960 and 0.96910 for the past two trading days. The trend is on the higher side due to broad-based US dollar buying. DXY recovered from day's low of 99.34. Any break above 100 confirms further bullishness.
The immediate resistance is at 0.9700 and the indicative break above will take the pair till 0.9745/0.9800. Major trend continuation happens only if it breaks 0.9845.
It is good to buy on dips around 0.9618-20 with SL around 0.9580 for the TP of 0.9745.
