FxWirePro- USDCHF Daily Outlook

FxWirePro- USDCHF Daily Outlook 
Ichimoku analysis (Daily chart)
 
Tenken-Sen- 0.9130
 
Kijun-Sen- 0.91430
 
June month high– 0.92750
 
 The pair breaks long-term trend line resistance and holding well above that level for second consecutive days. USDCHF surged past 0.92326 (Jul 20th, 2021 high), hits a high of 0.92421. The US CPI jump 5.4% in July from a year earlier, but core inflation came at 0.3% below estimate. The US 10-year bond yield lost more than 3% after the auction. . The dollar index has formed a double top around 93.20 and shown a sell-off of nearly 40 pips. Markets eye US PPI for further direction and initial jobless claims for further movement.  At the time of writing, USDCHF is hovering around 0.92185 down 0.01%.

 Trend- Bullish
The near-term support is around 0.9190, any breach below targets 0.9150/0.91150. Bearish trend continuation only if it breaks 0.8925. On the higher side, immediate resistance is around 0.92750. Any convincing breach above will take to the next level 0.93000/0.9345.
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 Indicator (Daily chart)
 
 CAM indicator –Bullish
 
 Directional movement index –Bullish
 
It is good to buy on dips around 0.9200 with SL around 0.9150 for TP of 0.9300.