The pair recovered strongly on board-based US dollar buying. The surge in inflation and upbeat US jobs data has increased the chance of aggressive rate hikes by the Fed. According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Jul increased to 13.8% from 2.3% a week ago. The jump in US treasury yields also supports the US dollar at lower levels. USDCHF hits a high of 0.97535 and is currently trading around 0.97499.
Bullish scenario-
The primary level to Watch – is 0.9765. Any convincing surge above confirms intraday bullishness. A jump to 0.9810/0.98650 is possible.
Bearish scenario-
Intraday support – 0.9660. Break below that level will take the pair to 0.9600/0.9520/0.9460/0.9430/0.9380.
Indicators (4-Hour chart)
Directional movement index – Bullish
CCI (50) - Bullish
It is good to buy on dips around 0.9748-50 with SL around 0.9700 for a TP of 0.9845.


FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro- Woodies Pivot(Major)
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro-Major European Indices
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: EUR/NZD edges lower but bullish outlook persists
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 



