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Ichimoku Analysis (4-Hour chart)
Tenken-Sen- 0.96901
Kijun-Sen- 0.96797
USDCHF recovered sharply nearly 100 pips after forming a bottom at 0.96291. The broad-based US dollar buying and a slight decline in demand for Safe-haven assets like yen a, Swiss franc. The pair hits high of 0.97314 and is currently trading around 0.97166.
Technically, the pair is facing strong resistance at 0.9765 and any indicative break above targets 0.9800/0.9845.
On the flip side, near-term support is at 0.9670 and the break beneath will drag the pair to the next level till 0.96130/0.9545.
It is good to buy on dips around 0.9675-80 with SL around 0.9630 for the TP of 0.9840.
