Ichimoku Analysis (1-hour chart)
Tenken-Sen- 0.91432
Kijun-Sen- 0.91432
USDCHF is trading highly volatile as US elections outcome unclear yet with both parties not crossed 270 seats. The Republicans won 213 compared to 220 seats of Democrats. The outcome of the results might get delayed for weeks or days. DXY has shown minor recovery till 93.94 and started to decline. Any violation below 93.75 confirms intraday weakness, a dip till 93.50/93.20 likely. USD CHF hits an intraday high of 0.91962 and is currently trading around 0.91232.
On the lower side, the pair is facing significant support at 0.9090 and any break below will drag down till 0.9050/0.9030. The near –term resistance is around 0.9210, an indicative break above targets 0.92450/0.9290.Significant buying only above 0.93000.
It is good to sell on rallies around 0.9168-70 with SL around 0.92100 for the TP of 0.9050.
