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 - EconoTimes)
Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.96812
Kijun-Sen- 0.96571
USDCHF has shown a minor recovery but still trading below 0.97625. Intraday bias is slightly bullish. The pair hits high of 0.97287 at the time of writing and is currently trading around 0.97120.
Technically, minor trend reversal can happen only above 0.9765 and any indicative break above targets 0.9800/0.9845.
On the flip side, near-term support is at 0.9960 and the break below will drag the pair to the next level till 0.96130/0.9545.
It is good to buy on dips around 0.9705-08 with SL around 0.9690 for the TP of 0.97750.
