USDCHF formed double bottom around 0.7870 and showed a minor pullback. Currently trading at 0.79478, it reached a intraday high of 0.79556
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, below the 200-EMA, and 365 EMA on the 1-hour chart, indicating a mixed trend. The immediate resistance is at 0.7965; any break above targets 0.8000/0.8020/0.8070/0.8100/0.8150.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7900; any violation below will drag the pair to 0.7865/0.7800.
Indicators (1-hour chart)
CCI (50) - Bullish
Directional Movement Index - Neutral
Trading Strategy Recommendation
It is good to buy on dips around 0.7925-28 with SL around 0.7870 for a TP of 0.8090.


FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
FxWirePro- Woodies Pivot(Major)
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro:NZD/USD treads water as Iran uncertainty keeps traders on edge
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro: USD/CAD remains buoyant, looks to extend gains
FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook 



