Ichimoku analysis (Hourly chart)
Tenken-Sen- 0.88793
Kijun-Sen- 0.88562
USDCHF surged more than 100 pips from a low of 0.87577 on broad-based US dollar buying. The US dollar index recovered after hitting a multi-month low on increasing new corona cases. US Nonfarm payroll came at -140K compared to a forecast of 60K, unemployment declined to 6.7% vs 6.8%. The intraday trend is neutral as long as resistance 0.8920 holds.
The pair's near term resistance at 0.8920; any break above will take to the next level till 0.89559/0.9000. On the lower side, significant support stands at 0.8855, any indicative break below targets 0.8220/0.8800/0.8750.
It is good to buy on dips around 0.8850 with SL around 0.8800 for TP of 0.8955/0.9000.
