Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.91148
Kijun-Sen- 0.91030
USDCHF has broken major trend line resistance and holding well above that level for pat 4-hour. The broad-based US dollar buying on the second wave of coronavirus pandemic. London is expected to face another lockdown to reduce the spread of the virus. The pair hits an intraday high of 0.91594 and is currently trading around 0.91566.
The pair's intraday trend is on the higher side, but any break above 0.9200 (Sep 8th high) confirms bullish continuation. A jump till 0.9245 is possible. The near-term support is around 0.9130, any break below will drag the pair down till 0.9100/0.9050. The decline from 0.9900 will get completed at 0.9050 only if it breaks 0.9250.
It is good to buy on dips around 0.9145-46 with SL around 0.9100 for the TP of 0.9245.
