USDCHF pared most of its gains made the previous week on profit booking. Markets eye Fed chairman Powell's speech at Jackson hole symposium for further direction.US Flash services and manufacturing PMI dropped to 44.1 and 51.3, well below expectations. US new home sales slumped to a 6-1/2 year low to 511K compared to an estimated 574K. US Richmond manufacturing slowed down to -8 vs forecast of -4.
Technically in the 15 min chart, the pair is holding below short term (21- and 55 EMA) and
200 EMA (0.96335). Any break above 0.96625 will take the pair to 0.9700/0.9765/0.9800. USDCHF hits an intraday low of 0.96250 and is currently trading around 0.96264.
The near-term support is around 0.9600, any breach below targets 0.9540/0.9500/0.9470.
Indicators (15-Min chart)
CCI (50)- Bearish
ADX- bearish
It is good to sell on rallies around 0.9628-30 with SL around 0.96650 for TP of 0.9570/0.9540.


FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 



