USDCHF pared some of its gains on profit booking. The pair was one of the best performers in the past week and surged more than 500 pips on board-based US dollar buying. The Fed meeting minutes confirm there might be another two 75 bpbs rate hikes this year. US 10-year bond yields gained above 4% and hit a fresh 12-year high.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Nov rose to 97.4% from 81.10% a week ago.
Technically in the 4-hour chart, the pair is holding above short-term (21- and 55 EMA) and 200 EMA (0.97728). Any break below 1 will take the pair to 0.9960/0.9900. USDCHF had an intraday low of 0.99921 and is currently trading around 1.00232.
The near-term resistance is around 1.00750 and any breach above targets is 1.0125.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 1 with SL around 0.9960 for a TP of 1.01250.


Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY edges higher but bulls lack punch 



