FxWirePro- Major European Indices 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
Intraday trend – Bearish
Major intraday support – 0.9190
The pair has formed a double top around 0.93750 and shown a sell-off. USDCHF was one of the worst performers on Friday due spread of the Omicron virus. The demand for Safe-haven assets like the Swiss franc and Japanese yen increased drastically as investors lost confidence. The WHO has warned that chance of reinfection due to omicron is high. The decline in US treasury yield also puts pressure on the US dollar at higher levels. Significant bullish trend continuation if it breaks 0.9190 levels.
The near-term resistance is around 0.92750, any breach above targets 0.9330/0.93750. Significant support to be watched is 0.9240; the violation below will drag the pair down to 0.9190/0.91000.
Indicators (4 Hour chart)
Directional movement index – Bearish
CCI (50) - Bearish
It is good to sell on rallies around 0.92780-80 with SL around 0.9330 for a TP of 0.9100.
