Ichimoku Analysis (4-hours chart)
Tenken-Sen- 0.94851
Kijun-Sen- 0.94869
USDCHF has broken minor support 0.94635 after 1- week of consolidation. The demand for risk appetite slightly decreased on fear of the second wave of coronavirus. It hits an intraday low of 0.99432 and is currently around 0.94521.
In the 4-hour chart, the pair is trading well below 100 and 200- MA (0.95335 and 0.96186). Any indicative close beneath 0.9450 will take to till 0.9370. Significant selling only below 0.9370.
On the higher side, strong resistance is at 0.95530, and the break above will take the pair to the next level till 0.9580/0.9650.
It is good to sell on rallies around 0.9468-70 with SL around 0.9530 for the TP of 0.9370.
