The pair pared some of its gains after Fed's monetary policy. The central bank hiked interest rates by 50 bpbs.plans to trim its $9 trillion balance sheet. "The Committee is highly attentive to inflation risks," the FOMC said in its updated policy statement. The US dollar lost its shine Fed Chairman ruled out a 75 bpbs rate hike in the next meeting. USDCHF hits an intraday low of 0.97095 and is currently trading around 0.97664.
Markets eye US initial jobless claims for further direction.
Bullish scenario-
The primary level to Watch – is 0.9860. Any convincing surge above confirms intraday bullishness. A jump to 0.9900/1.000 is possible.
Bearish scenario-
Intraday support – 0.97000. Break below that level will take the pair to 0.9660/0.9600.
Indicators (Daily chart)
Directional movement index – Neutral
CCI (50) - Bullish
It is good to sell on rallies around 0.9800 with SL around 0.9860 for a TP of 0.9660.


FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro- Major Pair levels and bias summary
Major Pair Action Bias: Bullish Pairs to Watch Out For
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: USD/ZAR retreats slightly but bias is bullish 



