The pair surged sharply by more than 850 pips from a minor bottom of 0.91920 on fed rate hikes. According to the CME Fed watch tool, the probability of a 50 bpbs rate hike dropped to 89.8% from 90.8% a week ago.US University of Michigan sentiment index declined to 59.1in May compared to an estimate of 64, the lowest since Aug 2011.USDCHF hits a high of 1.00492 and is currently trading around 1.00535.
Bullish scenario-
The primary level to Watch – is 1.0050. Any convincing surge above confirms intraday bullishness. A jump to 1.010/1.0235 is possible.
Bearish scenario-
Intraday support – 0.9980. Break below that level will take the pair to 0.9950/0.9900/0.9870.
Indicators (4-hour chart)
Directional movement index – Bullish
CCI (50) - Bullish (Bearish divergence)- Minor selling can occur to 0.9900.
It is good to buy on dips around 0.9950 with SL around 0.9900 for a TP of 1.010.


BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



