Ichimoku Analysis (4 Hour chart)
Tenken-Sen- 0.91084
Kijun-Sen- 0.91293
USDCHF is trading weak for the day and lost more than 100 pips from a high of 0.91920. The upbeat global sentiment on COVID-19 vaccine optimism is putting pressure on safe-haven assets like Gold.US dollar index continues to trade weak, significant weakness below 92. US bond yield jumped nearly 5% after a 15% fall till 0.836%. USD CHF hits an intraday low of 0.90922 and is currently trading around 0.90949.
On the lower side, the pair is trading below 200 4 H MA and any break below 0.90880 will drag down till 0.9050/0.900. The near –term resistance is around 0.9165, an indicative break above targets 0.9200/0.9245.Significant buying only above 0.93000.
It is good to sell on rallies around 0.91180-20 with SL around 0.9165 for the TP of 0.9000.
