Ichimoku Analysis (Daily chart)
Tenken-Sen- 0.90699
Kijun-Sen- 0.90940
USDCHF continues to trade lower and lost more than 100 pips from yesterday's high of 0.90877 on broad-based US dollar selling. US dollar index hits 2-1/2 year low on vaccine optimism and stimulus hopes. US economy has added 307000 private jobs in November compared to a forecast of 410K. USDCHF hits an intraday low of 0.89436 and is currently trading around 0.89597.
The pair is facing strong resistance at 0.9000 and any break above 0.90454/0.9060/0.9110.Significant buying only above 0.93000. On the lower side, the pair is trading below 0.9000 and a dip a till 0.8900/0.8800.
It is good to sell on rallies around 0.9 with SL around 0.9100 for the TP of 0.8980.
