USDCHF recovered sharply after a minor weakness. The pair did a fake downside break out and gained after hawkish comments by the Minneapolis Fed president. US 10-year yield hits fresh 14-year high in hopes of another two 75 bpbs rate hikes by fed this year. The US 10 and 2-year spread narrowed to -44 basis points from -57 bpbs.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Nov rose to 93.5% from 81.3% a week ago.
Technically in the 4-hour chart, the pair is holding above short-term (21- and 55 EMA) and above 200 EMA (0.98368). Any break above 1.0075 confirms a bullish continuation; a jump to 1.0125/1.0150 is possible. It hits an intraday high of 1.00453 and is currently trading around 1.00252.
The near-term support is around 1.000 and any breach below targets is 0.9960/0.9900.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 1.000 with SL around 0.9960 for a TP of 1.0075/1.0120.


FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: GBP/AUD bears maintain upper hand
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
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Major Crypto levels and bias summary 



