USDCHF Daily Outlook - Confirmed cases of the novel coronavirus world-wide surpassed one million, a grim milestone for the pandemic… I’m hoping all of you guys are safe and are staying home.

The US jobless claims rose to a record 6.6 million on Thursday but Oil soared after U.S. President Trump said Saudi Arabia and Russia would make major output cuts. Meanwhile, industrial producer prices went down by 0.6% in both the EU.

On Friday we’ll eye the US change in Non-farm payrolls and unemployment in March.

Today I’m looking at the USD/CHF pair which broke above the Ichimoku cloud on the 4-hour chart at the final hours of New York’s trading session on Thursday and continue up going to Friday’s Asian session. The Tenkan line has also broken above the Kijun line and the combination indicates we could see further gains towards 0.98 next week.

Do you think the new bull run has enough momentum to take the pair even further? Head over to the Comments section and let me know.

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