Pattern formed- Falling wedge
USDCHF has shown a very nice break out after a long consolidation between 0.98628 and 0.99655 for past four trading days. Swiss franc is trading lower dovish SNB monetary statement.SNB has kept its target range for the three-month LIBOR at -1.25% to -0.25% and deposit rate fixed at 0.75%. The central bank considered Swiss franc “highly valued” and cuts its inflation ,growth forecast . Markets eye US fed monetary policy for further direction.It is currently trading around 0.99720.
The near term major resistance is around 0.9990 (200-- 4H MA) and any convincing break above targets 1.0010/1.00680. Any violation above 1.013 confirms minor trend reversal.
On the lower side ,support is around 0.9950 and any violation below will take the pair to next level till 0.9900/0.9880/0.9845.
It is good to buy on dips around 0.9955 with SL around 0.9920 for the TP of 1.010.


FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro- Woodies pivot (Major)
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 



