Major resistance- 0.98025
Ichimoku Analysis (4-Hour chart)
Tenken-Sen- 0.97253
Kijun-Sen- 0.97327
The intraday trend of USDCHF is still neutral and correction from 0.9900 will continue. The secondary support is around 0.96811 and breaks below confirm intraday weakness, a decline till 0.95886 (May 1st 20202 low). US dollar index has once declined after hitting a high of 100.44. Any break beyond 100.50 confirms bullish continuation.
The Significant data to be watched US CPI, which is to be released 12:30 PM GMT today.
The decline from 1.0237 will get completed at 0.91800 only if the pair breaks 0.9900 level. The near term resistance to be watched is 0.9780/0.9805/0.9840.
It is good to sell on rallies around 0.9728-30 with SL around 0.9785 for the TP of 0.9590.
