USDCHF breaks significant resistance of 1.000 on board-based US dollar buying on an escalation of tension between Russia and Ukraine. Russia attacked 75 missiles against Ukraine and killed 14 civilians.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Nov rose to 77.9% from 64.7% a week ago.
Technically in the 4-hour chart, the pair is holding above short-term (21- and 55 EMA) and 200 EMA (0.97563). Any break above 1.00500 will take the pair to 1.0130/1.0240. USDCHF hits an intraday high of 1.00211 and is currently trading around 1.00098.
The near-term support is around 0.9960 and any breach below targets 0.9900/0.9850/0.9780.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 1.000 with SL around 0.9960 for a TP of 1.0120.


UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major Pair levels and bias summary
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro- Woodies Pivot(Major)
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support 



