USDCHF Powers Higher +50 Pips – Tariff Noise? Bulls Don’t Care

USDCHF gained more than 50 pips despite tariff uncertainty. Having made an intraday high of 0.77683, it is currently trading at 0.77631.

Technical Analysis Points to Further Bullishness

The pair is trading above the 55-EMA, 200-EMA, and 365-EMA on the 1-hour chart, indicating a bullish trend. The immediate resistance is at  0.7775; any break above targets  0.7800/0.7865/0.7925/0.7965/0.8000.

Support Levels and Potential Declines

On the downside, near-term support is around 0.7735; any violation below will drag the pair to 0.7700/0.7660/0.7628/0.7600/0.7540/0.7500.

Indicators (1-hour chart)

CCI (50) - Bullish

Directional Movement Index -  Neutral

Trading Strategy Recommendation

It is good to buy on dips around 0.7728-30 with SL around 0.76980 for a TP of 0.7865.