USDCHF showed a minor pullback after the SNB monetary policy. The pair was one of the worst performers this month and hit a low of 0.88265. It is currently trading around 0.88901.
The Swiss National Bank (SNB) cuts the deposit rates by 25 bpbs points for a second consecutive time from 1.50% to 1.25%. The central bank has forecasted inflation at 1.1% in 2025 from the previous forecast of 1%.
The Swiss franc gained sharply this month as European political uncertainty and the escalation of tension in the Middle East increased demand for safe-haven assets.
The near-term resistance is around 0.8900, any break above will take the pair to 0.8960/0.9000. On the lower side, immediate support is around 0.8800 violation confirms further bearishness, a dip to 0.8720/0.8700 is possible.
RSI (14)- Beairsh divergence
It is good to buy on dips around 0.8900 with SL around 0.8848 for TP of 0.9000.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/CNY downside pressure builds, key support level In focus
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major US Indices
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/ZAR edges higher but bearish outlook persists
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 



