Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.96527
Kijun-Sen- 0.97048
USDCHF trades weak after a minor recovery till 0.96923 and lost more than 80 pips. The decline was mainly due to coronavirus. The US has confirmed 2nd death due to viruses and the total number of death crossed 3000. It hits an intraday low of 0.96073 and is currently trading around 0.96055.
The immediate support is at 0.9600, violation below targets 0.9540/0.9500. On the higher side, nearby resistance is around 0.9670 and indicative break above will take the pair to 0.9725/0.9770.
It is good to sell on rallies around 0.9628-30 with SL around 0.9670 for the TP of 0.9545.
