FxWirePro: USD/JPY grinds sideways at trendline resistance, US dollar barely moves in response to Biden's aggressive stimulus plan
FxWirePro: USDCHF recovers on broad based US dollar buying, good to buy on dips
Ichimoku Analysis (Hourly chart)
USDCHF has recovered sharply after a minor dip till 0.95987. The intraday trend is on bullish as long as support 0.9600 holds. Any break below that level targets 0.9550/0.9500. Major trend continuation only below 0.9500.
DXY showed a good jump of more than 50 pips for the day and break above 100 targets 100.56/101. USDCHF 's immediate resistance is at 0.9685 and the indicative break above will take the pair till 0.9725/0.9745.
It is good to buy on dips around 0.9618-20 with SL around 0.9580 for the TP of 0.9745.