EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains 
GBPJPY Slips After Sterling Weakness, Bears Eye 216 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
FxWirePro: AUD/USD dips after RBA Governor speech 
FxWirePro- Major Pair levels and bias summary 
Major resistance -0.9375
Intraday support- 0.9240
The pair Has declined after a minor pullback above 0.9030. The intraday trend is bearish as long as resistance 0.9330 holds. The rebound in the US dollar index is supporting the pair at lower levels. The hopes of a rate hike by the Fed in mid-2022 is pushing the US dollar higher. USDCHF hits an intraday low of 0.92761 and is currently trading around 0.92775.
Woodies and CCI analysis-
The CCI (50) is holding above zero line and Woodies CCI is below zero lines in the hourly chart. It confirms the trend is neutral.
Trend- Neutral
USDCHF is facing strong resistance around 0.9375. Any break above targets 0.9400/0.9450 is possible. The minor resistance to be watched is 0.9330. On the lower side, immediate support is around 0.9240. Any convincing breach below targets 0.9180/0.91350.
Indicator (1-hour chart)
Directional movement index - Neutral
It is good to buy on dips around 0.9245-48 with SL around 0.9200 for a TP of 0.9330.
