Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.95134
Kijun-Sen- 0.94720
USDCHF failed to sustain above 0.9500 and declined more than 60 pips after hitting a high of 0.9550. The intraday is slightly neutral, significant weakness only below 0.94650 levels. The fear of the second wave of the corona has increased demand for Safe-haven assets like yen, Swiss franc. It is currently trading around 0.94742.
In the 4- hour chart, the pair is struggling to close above 0.95350 (55 EMA), any indicative close above will take to till 0.9580/0.96250/0.96530 (200-4H MA).
On the lower side, strong support is at 0.9465, and the break below will take the pair to the next level till 0.9435/0.9370.Significant trend reversal only below 0.9370.
It is good to sell on rallies around 0.9548-50 with SL around 0.9580 for the TP of 0.9450.
