USDCHF breaks significant resistance of 1.000 on board-based US dollar buying on an escalation of tension between Russia and Ukraine. Russia attacked 75 missiles against Ukraine and killed 14 civilians.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Nov rose to 77.9% from 64.7% a week ago.
Technically in the 4-hour chart, the pair is holding above short-term (21- and 55 EMA) and 200 EMA (0.97563). Any break above 1.00500 will take the pair to 1.0130/1.0240. USDCHF hits an intraday high of 1.00211 and is currently trading around 1.00098.
The near-term support is around 0.9960 and any breach below targets 0.9900/0.9850/0.9780.
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 1.0120.


EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
Crypto Bias Report: Trend Signals and Top Bullish Picks
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/NZD gains some ground but outlook is bearish 



