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  |   Technicals


FxWirePro- USDCHF Daily Outlook

Ichimoku analysis (4-hour chart)


 Tenken-Sen- 0.91996


Kijun-Sen- 0.91751


This month High– 0.92748


Previous week low- 0.91330


The pair recovered more than 100 pips from a low of 0.91175 on board-based US dollar buying.  The intraday trend is bullish as long as support 0.9150 is intact.  The average number of people who have been hospitalized rose by 21% in the past 30 days. The US 10-year yield shown a minor pullback of nearly 9.5% after hitting a 5-mont hlow1.1290%.USDCHFhits an intraday high of 0.92309 and currently trading around 0.92256.


Trend- Bullish

The near-term support is around 0.9150, the breach below will take the pair to 0.9120/0.9059/0.9000. On the higher side, immediate resistance is around 0.92380. Any convincing breach above targets 0.92750/0.93000.


Indicator (4 Hour chart)


CAM indicator – Bullish


Directional movement index –Bullish


It is good to buy on dips around 0.9170 with SL around 0.9130 for a TP of 0.9270.

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