Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.94845
Kijun-Sen- 0.94643
USDCHF is trading flat for the past 4 days and markets eye US Non-Farm Payroll for further direction. The intraday trend is still neutral as long as support 0.9420 holds. The increase in demand for Safe-haven assets due to fear of the second wave of the corona. DXY lost more than 20 pips after hitting a high of 97.45. Any break above trend line resistance targets 97.75/98.
The pair is facing strong resistance at 0.95530, a firm break above will confirm intraday bullish continuation. A jump till 0.9620/0.9650.
On the lower side, strong support is at 0.9370, and the break below will take the pair to the next level till 0.9300.
It is good to buy on dips around 0.9435-38 with SL around 0.9370 for the TP of 0.9553.
