Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
FxWirePro- Woodies pivot (Major) 
FxWirePro:USD/JPY hovers near a four-decade low 
FxWirePro- Major Crypto levels and bias summary 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
FxWirePro- Woodies pivot (Major) 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
Major Pair Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
This month, the pair slumped sharply and lost more than 400 pips on the weak US dollar. Dismal economic data and hawkish comments from the Swiss National bank chairman drag the pair further down. US flash manufacturing PMI dropped to 57.5 in May compared to an estimate of 57.50. Markets eye the US Fed meeting minutes for further direction. According to the CME Fed watch tool, the probability of a 50 bpbs rate hike dropped to 89.80% from 92.30% a day ago.
USDCHF hits a low of 0.95750 and is currently trading around 0.96177.
Bullish scenario-
The primary level to Watch – is 0.9660. Any break above shows a minor bullishness. A jump to 0.9700/0.9760 is possible. Important bullish continuation only if it breaks 1.0070.
Bearish scenario-
Intraday support – 0.9570. Break below that level will take the pair to 0.9500/0.9460.
Indicators (4-hour chart)
Directional movement index – Bearish
CCI (50) - bearish
It is good to sell on rallies around 0.9648-50 with SL around 0.9700 for a TP of 0.9500.
