USDCHF lost its shine on board-based US dollar selling. Currently trading at 0.79047, it reached a intraday low of 0.79013.
Technical Analysis Points to Further Bullishness
The pair is trading below 55-EMA, the 200 EMA, and above 365 EMA on the 4-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 (4-hour chart)
CCI (50) - Bearish
Directional Movement Index - Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 0.7965-70 with SL around 0.8018 for a TP of 0.7800.


Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
FxWirePro: GBP/AUD stuck in range but maintains bearish bias
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
NZDJPY Faces Selling Pressure: Will 95.20 Resistance Hold?
FxWirePro: USD/CAD downside pressure builds, key support level in focus
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: USD/JPY hovers near 160, outlook bullish
FxWirePro: GBP/USD cedes early gains ,outlook bearish
FxWirePro- Major Pair Currency Score (AUDUSD Bullish)
FxWirePro: AUD/USD holds steady ahead of key Australian and U.S. data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish 



