USDCHF gained sharply on board-based US dollar buying. Having made an intraday high of 0.77549, it is currently trading at 0.77543
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, 200-EMA, and 365-EMA on the 1-hour chart, indicating a bullish trend. The immediate resistance is at 0.7750; any break above targets 0.7800/0.7865/0.7925/0.7965/0.8000.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7700; any violation below will drag the pair to 0.7660/0.7628/0.7600/0.7540/0.7500.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.7728-30 with SL around 0.76980 for a TP of 0.7865.


FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
FxWirePro- Woodies Pivot (Major)
NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech 



