Ichimoku analysis (320- min chart)
Tenken-Sen- 0.99513
Kijun-Sen- 0.99252
USDCHF trades higher for 5th consecutive days and jumped more than 100 pips on broad-based dollar buying and easing US-China trade tension. The renewed hopes of the trade deal have decreased demand for Safe-haven assets like yen, gold, etc. The pair hits an intraday high of 0.99830 and is currently trading around 0.99826.
On the higher side, near-term resistance is around 1.0030, any violation beyond will take the pair to the next level till 1.0050/1.0100. Major bullishness only over 1.0100.
The major intraday support is at 0.9945, an indicative break beneath will drag the pair down till 0.9900/0.9840.
It is good to buy on dips around 0.99725-950 with SL around 0.9940 for the TP of 1.0090.
