Intraday trend – Bearish
Major intraday Support – 137.50
The pair traded weak for a second consecutive week and lost more than 500 pips on a strong yen. The board-based weakness in the US dollar and increase in risk aversion support the yen at lower levels. USDCHF is holding below 0.9500. Significant bearish trend continuation if it breaks the 0.9470 level.
The near-term resistance is around 138, any breach above 123.50 confirms intraday bullishness. A jump to 138.56/139.44/140.03 is possible.
The minor support to be watched is 137.50, the violation below will drag the pair down to 136.80/136/134.
Indicators (8-hour)
Directional movement index – Bearish
CCI (50) - Bearish
It is good to sell on rallies around 138 with SL around 139.44 for TP of 136/134.


FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro- Major European Indices
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD downside pressure builds, key support level in focus 



