Ichimoku analysis (4-Hour chart)
Tenken-Sen- 0.888943
Kijun-Sen- 0.88831
USDCHF's intraday trend is neutral as long as resistance 0.89250 holds. The pair is in the consolidation phase for the past few days. The surge in coronavirus cases and lack of stimulus has increased demand for safe-haven assets like the US dollar. DXY's bullish continuation only above 91. Any surge past targets 91.50/92.
The near term resistance at 0.8925; any convincing violation above will take to the next level till 0.89398 (55- day EMA)/0.8965/0.9000.
On the lower side, significant support stands at 0.8820, any indicative break below targets 0.8800/0.8750.
It is good to buy above 0.8920 with SL around 0.8870 for a TP of 0.9000.
