Ichimoku Analysis (Daily chart)
Tenken-Sen- 0.99176
Kijun-Sen- 0.99335
USDCHF trades higher for 6th consecutive day and jumped more than 100 pips on easing trade tension which has decreased demand for Safe-haven assets like yen, swiss franc. The overall trend is neutral as long as resistance 1.0030 holds. It hits an intraday high of 0.99703 and is currently trading around 0.99517.
On the higher side, near term major resistance is around 1.0030 and any violation above will take the pair to next level till 1.0060/1.010.
The minor support is around 0.9900 and any convincing break below will drag the pair till 0.9840/0.9800.
It is good to buy on dips around 0.9925 with SL around 0.9890 for the TP of 1.0030.
