• FxWirePro: usdchf daily outlook

    Source: FxWire Pro - Technicals / 22 Nov 2020 11:41:37   America/New_York

    Ichimoku Analysis (4 Hour chart)


    Tenken-Sen- 0.91156


    Kijun-Sen- 0.91199


    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.

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