Ichimoku analysis (Daily chart)
Tenken-Sen- 0.90570
Kijun-Sen- 0.90570
USDCHF continues to trade higher and surged more than 200 pips on board-based US dollar buying. The trend of the US dollar got changed after the hawkish Fed. The Fed has signaled a rise in inflation and dot plot projected to have two rate hikes in 2023. The US 10-year bond yield declined more than 7.5% after a surge to 1.594%. The pair is holding well above 0.9150 level and hits an intraday high of 0.91936.
Intraday day outlook:
Trend- Bullish
The pair is holding above daily Kijun-Sen, Tenken-Sen, and below the cloud. The near-term resistance is around 0.9200. Any indicative break above will take the pair to next level to 0.9260/0.9300/. On the lower side, near-term support is around 0.9080. Any convincing breach above targets 0.9050/0.9000. Significant selling will happen only if it breaks 0.8920.
Indicator (Daily chart)
CAM indicator – Bullish
Directional movement index –Bullish
It is good to buy on dips around 0.9120 with SL around 0.9070 for TP of 0.9260.


FxWirePro- Major Crypto levels and bias summary
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major US Indices
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next? 



