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.


FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro- Major Pair levels and bias summary
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: USD/JPY edges up, looks to extend gains
FxWirePro: USD/CAD remains buoyant, looks to extend gains 



