USDCHF holds above 0.7850 on board-based US dollar buying. Having made an intraday high of 0.78634, it is currently trading at 0.78570.
Technical Analysis Points to Further Bearishness
The pair is trading below the 55-EMA, 200-EMA, and 365-EMA on the 4-hour chart, indicating a bearish trend. The immediate resistance is at 0.7865,any break above targets /0.7925/0.7960/0.8000/0.8040.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7800; any violation below will drag the pair to 0.7765/0.7000/0.7660/0.7628.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.7818-20 with SL around 0.7765 for a TP of 0.8000.


ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro:EUR/NZD bears maintain upper hand
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech
FxWirePro- Woodies Pivot (Major) 



