FxWirePro: usdchf daily outlook
Source: FxWire Pro - Technicals / 22 Nov 2020 11:41:37 America/New_York
Ichimoku Analysis (4 Hour chart)
USDCHF's intraday bias remains neutral and the chance of decline is possible in the near term. The pair is facing significant support at 0.90880; violation below will pave way for the next target of 0.90291/0.8980. The global market sentiment improved on the COVID-19 vaccine. US dollar index's minor bullish trend only if it breaks above 92.65. USDCHF hits an intraday high of 0.91232 and is currently trading around 0.91157.
The pair is facing strong resistance at 0.9125 (200-4H EMA) and any break above 0.9165/0.9200/0.9245.Significant buying only above 0.93000.
It is good to sell on rallies around 0.91180-20 with SL around 0.9165 for the TP of 0.9000.© FxWire Pro 2020. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.