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Ichimoku Analysis (hourly chart)
Tenken-Sen- 0.9788
Kijun-Sen- 0.98090
USDCHF is trading weak for 4th consecutive days and lost more than 150 pips on broad-based US dollar selling.DXY has broken yesterday's low of 100.84 and a dip till 100 likely.
Technically, USDCHF is facing immediate support at 0.97200 and any violation below will drag the pair down till 0.9680/0.9635.
The major intraday resistance is at 0.9770, an indicative break above will take the pair to next level till 0.9800/0.9845.
It is good to sell on rallies around 0.9800 with SL around 0.9845 for the TP of 0.9660.
