Intraday trend – Neutral
Major intraday resistance – 0.92755
The pair has once again declined after a minor pullback above the 0.92650 level. It has formed a double top around 0.92700, any breach above 0.927500 confirms intraday bullishness. The weakness in the US dollar is putting pressure on this pair at higher levels. Intraday bias in USDCHF remains bearish as long as resistance 0.92750 holds. The slight demand for safe-haven assets like Swiss franc due to new corona variant Omicron. A jump of more than 15% in the US 10-year yield is preventing the pair from further sell-off. It hits a low of 0.091915 and is currently trading around 0.92105.
The near-term resistance is around 0.9240, any breach above targets 0.92750/0.9330/0.9380. Overall bullish continuation only above 0.9380.
The minor support to be watched is 0.9180; the violation below will drag the pair down till 0.9150/0.9090.
Indicators (4 Hour chart)
Directional movement index – Neutral
CCI (50) - Neutral
It is good to sell on rallies around 0.9238-40 with SL around 0.9280 for a TP of 0.9150.


FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro:EUR/AUD eases but bullish outlook persists
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Pair levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 



