Ichimoku analysis (hourly chart)
Tenken-Sen - 1.0019
Kijun-Sen - 1.0019
USDCHF has lost nearly 80 pips from the high of 1.00689 made on Nov 5th 2018. It hits low of 0.99873 and is trading around 0.99835.
The near term major support is around 0.99430 (61.8% fib) and any break below targets 0.9900/0.9850. It should break below 0.9850 for further weakness.
On the higher side, near term resistance is around 1.00340 and any violation above targets 1.00680/1.0100. The pair trend reversal only above 1.010.
It Is good to sell on rallies around 1.00340 with SL around 1.00680 for the TP of 0.9945/0.9900.
