USDCHF has traded in a narrow range between 0.8102 and 0.79961 for the past four days. Currently trading at 0.80461, it reached an intraday high of 0.80530.
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, the 200-EMA, and the 365-EMA on the 4-hour chart, indicating a bullish trend. The immediate resistance is at 0.80580; any break above targets 0.8105/0.8150/0.82180.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8020; any violation below will drag the pair to 0.800/0.7965/ 0.7920/0.7865/0.7800.
Indicators (4-hour chart)
CCI (50) - Bearish
Directional Movement Index - Neutral
Trading Strategy Recommendation
It is good to sell on rallies around 0.8048-50 with SL around 0.8090 for a TP of 0.7965.


NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro- Woodies Pivot (Major)
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech 



