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FxWirePro: USDCHF Daily Outlook
Ichimoku Analysis (1- hour chart)
USDCHF is trading higher and hits an intraday high of 0.92960 on better than expected US durable goods orders. The core orders for Aug came at 0.4% vs forecast of 1.0%. But core capital goods orders beat street expectations due to an increase in demand for machinery, primary metals, computer. The pair hits an intraday high of 0.92960 and is currently trading around 0.92880.
The pair is significant resistance around 0.9300 and jump till 0.9365/0.9435 likely. The near-term support is around 0.92450, any break below will drag the pair down till 0.9200/0.9180/0.9130/0.9050.
It is good to buy on dips around 0.9250-525 with SL around 0.9200 for the TP of 0.9365.