Intraday trend – Bearish
Major intraday resistance – 123.50
The pair consolidated in a narrow range between 123.50 and 123 for the past two days. The board-based weakness in the Swiss franc on decreasing demand for safe-haven assets is putting pressure on this pair at higher levels. USDCHF is holding above 0.9300. Significant bullish trend continuation if it breaks 0.9380 level.
The near-term resistance is around 123.50, any breach above 123.50 confirms further bullishness. A jump till 124/124.49 is possible.
The minor support to be watched is 123, the violation below will drag the pair down till 122.45/121.78 (161.8% fib).
Indicators (15 Min)
Directional movement index – Bearish
CCI (50)- Bearish
It is good to sell on rallies around 123.12-15 with SL around 123.51 for TP of 122.


JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 



