Candlestick pattern- Bearish engulfing pattern
Potential Reversal Zone (PRZ)- 0.9800
USDCHF trades lower for 2nd consecutive days and lost more than 100 pips on broad-based US dollar selling. The weak US retail sales and Philly fed manufacturing index has increased hopes of rate cut by the Fed in the next meeting. But the slight easing of geopolitical tension has decreased demand for Safe-haven assets like yen, gold is to support the pair at lower levels.
The overall trend is weak if resistance 1.10030 holds and decline from 1.102369 will get completed at 0.96598 only if it breaks that level. The near-term resistance is 0.9920/0.9950.
On the flip side, near term support is around 0.9840 and any break below will drag the pair down till 0.9800. Any violation below 0.9800 targets 0.9690/0.96680.
It is good to sell on rallies around 0.9880-825 with SL around 0.9920 for the TP of 0.9800


FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Woodies pivot (Major)
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: GBP/AUD drifts lower after BOE rate decision
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist 



