Ichimoku Analysis (4-hour chart)
Tenken-Sen- 96.94
Kijun-Sen- 97.04
US Dollar index recovered more than 100 pips after hitting a low of 96.39. The overall trend is slightly bullish as long as support 96.40 holds. The fear of the second wave of coronavirus might increase demand for Safe-haven assets like Dollar, gold. California, Texas, and Florida hits a record number of cases and the total number rose by 37720. It is currently trading around 97.41.
On the flipside, near-term support is around 97, any violation below targets 96.40. Significant bearishness only if it breaks 96.40.
The immediate resistance is around 97.40, an indicative close above will take the index till 97.82 (200- 4H EMA)/98.19 (200- 4H MA). Any breaks above 100 confirm the bearish reversal, jump till 100.87/101.20 likely.
It is good to buy on dips around 97 with SL around 96.40 for TP of 98.40.


BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: USD/ZAR bears maintain upper hand
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro USD/CAD steadies around 1.3910,retains bid tone 



