Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.97084
Kijun-Sen- 0.97019
USDCHF is trading higher after forming a minor bottom around 0.96685 on based US dollar buying. US dollar index has broken major resistance 100.50 and jump till 101.20 likely.
Technically, pair is facing strong resistance at 0.9778, and any violation beyond targets 0.9800/0.9845. Significant bullish continuation only above 0.9845.
On the flip side, near term support is at 0.9720, and an indicative break below will drag the pair till 0.9660/0.9620.
It is good to buy on dips around 0.9730 with SL around 0.9680 for the TP of 0.9840.
