Major resistance - 0.99525
Ichimoku Analysis (1-hour chart)
Tenken-Sen- 0.99293
Kijun-Sen- 0.99203
USDCHF is consolidating slightly after a jump till 0.99399 at the time of writing. The intraday trend is bullish as long as support 0.9900 holds. The US-China trade optimism is supporting prices at lower levels. It is currently trading around 0.99281.
The minor support for the day stands at 0.9920 and any violation below will drag the pair down till 0.9900. Any hourly close below 0.99020 (200- H EMA) confirms intraday weakness, a dip till 0.9840 likely.
The major resistance is around 0.99525 and crosses above that level targets 1.000. The decline from 1.02369 will get over if the pair breaks the 1.0030 level.
It is good to buy on dips around 0.9920 with SL around 0.9900 for the TP of 0.9960/0.99780.
