Ichimoku Analysis (Daily chart)
Tenken-Sen- 0.90458
Kijun-Sen- 0.90757
USDCHF continues to trade lower and lost more than 200 pips this week on broad-based US dollar selling. US dollar index hits fresh 32-month lows on vaccine optimism and stimulus hopes. US ISM services index came at six month low in November at 55.9 vs estimate of 55.90. USDCHF hits an intraday low of 0.88914 and is currently trading around 0.88981.
The pair is facing strong resistance at 0.89620 and any break above 0.900/0.90454/0.9060/0.9110.Significant buying only above 0.93000. On the lower side, the near term support is around 0.88460, and a dip till 0.8800 is possible.
It is good to sell on rallies around 0.8948-50 with SL around 0.9000 for the TP of 0.8800.
