USDCHF pared some of its gains after forming a temporary top around 0.78788. Having made a intraday high of 0.78352, it is currently trading at 0.78047.
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, 200-EMA, and 365-EMA on the 4-hour chart, indicating a bullish trend. The immediate resistance is at 0.7835; any break above targets 0.7865/0.7925/0.7965/0.8000.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7760; any violation below will drag the pair to 0.7000/0.7660/0.7628/0.7600/0.7540/0.7500.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - neutral
Trading Strategy Recommendation
It is good to buy on dips around 0.7780 with SL around 0.7720 for a TP of 0.7870/0.7900.


FxWirePro: USD/ZAR rebounds strongly, upside pressure builds
FxWirePro: GBP/USD downside pressure builds, key support level in focus
FxWirePro: USD/CNY remains weak, Eyes 6.850 level
FxWirePro: EUR/ NZD slips lower, set to stay on back foot
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD drifts lower, could be on verge of bigger drop
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downtrend extends, eyes 1.8800 level
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/AUD momentum strongly bearish despite pause in losses
Institutional Fever: Is Bitcoin Gearing Up for a Historic 80,000 USD Run?
Aussie Charge: AUDJPY Surges 100 Pips as Bulls Eye 112.00 Milestone
Ethereum Trade Alert: Accumulating at Support as Risk-On Sentiment Returns
FxWirePro: USD/JPY edges up, remains on front foot
FxWirePro: AUD/USD drifts lower as recovery rally loses momentum
AUDJPY Sell-on-Rallies: Targeting 109.00 as Aussie Weakness Takes Hold 



