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FxWirePro: USDCHF Daily Outlook

Tuesday, September 29, 2020 9:28 AM UTC

Ichimoku Analysis (1- hour chart)

Tenken-Sen- 0.92381

Kijun-Sen- 00.92621

USDCHF is trading well below 55- H EMA and 100 H MA on broad-based US dollar selling. DXY lost more than 60 pips from a high of 94.74. Any break below 94 will drag the index down till 93.60/93. Markets eye US Conference Board consumer confidence for further direction. The pair hits an intraday low of 0.92294 and is currently trading around 0.92301.

The pair is significant resistance around 0.9300 and jump till 0.9365/0.9435 likely. The near-term support is around 0.92600, any break below will drag the pair down till 0.9200/0.9180/0.9130/0.9050.

It is good to sell on rallies around 0.9248-50 with SL around 0.9300 for the TP of 0.91600.

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FxWirePro: USDCHF Daily Outlook

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