The pair is trading weak for a second consecutive week and declined more than 300 pips. The Swiss franc performed well against all majors the previous week after SNB chairman Jordan said that the central bank was ready to take action if inflation increased sharply. According to the CME Fed watch tool, the probability of a 50 bpbs rate hike dropped to 91.50% from 94.90% a day ago.USDCHF hits an intraday low of 0.96651 and is currently trading around 0.96642
Bullish scenario-
The primary level to Watch – is 0.9780. Any break above shows a minor bullishness. A jump to 0.9850/0.9900. is possible. Significant bullish continuation only if it breaks 1.0070.
Bearish scenario-
Intraday support – 0.9660. Break below that level will take the pair to 0.9600/0.9500.
Indicators (4-hour chart)
Directional movement index – Bearish
CCI (50) - bearish
It is good to sell on rallies around 0.9700 with SL around 0.97550 for a TP of 0.9500.


FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
GBPJPY Slips After Sterling Weakness, Bears Eye 216
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro- Major Pair levels and bias summary
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 



