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FxWirePro: USDCHF Daily Outlook

Ichimoku Analysis (4 Hour chart)

 

Tenken-Sen- 0.9184

 

Kijun-Sen- 0.91123

 

USDCHF's intraday bias remains bearish on broad-based US dollar selling.  US durable goods order beats estimates of 0.5% while jobless claims surged to 778K vs forecast of 732K. DXY is facing strong support at 92, any violation below will drag the index down till 91.75/91.50. USDCHF hits an intraday low of 0.90793 and is currently trading around 0.90920.

 

The pair is facing strong resistance at 0.91650 and any break above 0.9200/0.9245.Significant buying only above 0.93000.

 

 It is good to sell on rallies around 0.9148-50 with SL around 0.92000 for the TP of 0.9030.

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