The pair is trading weak for the past five days and declined more than 400 pips. The hawkish comments from the SNB chairman and increase in demand for safe-haven assets support the Swiss franc. Markets eye the US Fed Chairman's speech and flash manufacturing PMI for further direction. According to the CME Fed watch tool, the probability of a 50 bpbs rate hike dropped to 88.8% from 94.9% a day ago.
USDCHF hits an intraday low of 0.96104 and is currently trading around 0.96285.
Bullish scenario-
The primary level to Watch – is 0.9760. Any break above shows a minor bullishness. A jump to 0.9850/0.9900 is possible. Significant bullish continuation only if it breaks 1.0070.
Bearish scenario-
Intraday support – 0.9600. Break below that level will take the pair to 0.9500/0.9460.
Indicators (4-hour chart)
Directional movement index – Bearish
CCI (50) - bearish
It is good to sell on rallies around 0.9648-50 with SL around 0.9700 for a TP of 0.9500.


FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Woodies Pivot(Major)
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
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: EUR/AUD runs out of steam but maintains bullish outlook
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major European Indices
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



