Ichimoku Analysis (Weekly chart)
Tenken-Sen- 0.98968
Kijun-Sen- 0.98437
USDCHF continues to trade lower for the 4th consecutive weeks and hits low of 0.9770 the previous week. The pair is holding well below 200- W MA for 2nd week and this confirms bearish continuation. The dip was mainly due to board based US dollar selling and a slight increase in demand for Safe-haven assets.
Markets are to be traded in a range-bound ahead of Christmas and New Year.
Technically, the near term significant resistance is around 0.98450 (200-W MA) and any close beyond will take the pair till 0.9900/0.99525.
On the flip side, significant support is around 0.9770 and the violation beneath will drag the pair to the next level to 0.9715/0.9660.
It is good to sell on rallies around 0.9818-20 with SL around 0.9850 for the TP of 0.9715.


FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro- Major European Indices
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback 



