Ichimoku Analysis (Weekly chart)
Tenken-Sen- 0.96723
Kijun-Sen- 0.95463
USDCHF has once again declined after hitting a high of 0.96504. The slight increase in demand for Safe-haven like the yen, Swiss Franc is putting on this pair. The intraday trend is still bearish as long as resistance 0.96504 holds. It is currently trading around 0.95608.
In the Weekly chart, the pair is holding well below 200 and 100 W MA. It has broken major support at 0.9500, a dip till 0.9435/0.9400.
On the higher side, strong resistance is at 0.9550, and the break above will take the pair to the next level till 0.9600/0.9650.Significant trend reversal only above 0.9805.
It is good to sell on rallies around 0.9498-50- with SL around 0.9550 for the TP of 0.9400.
