USDCHF holds above 0.8500 on board-based US dollar buying. It hit a high of 0.85371 and is currently trading around 0.85128.
Technicals-
The pair trades above 34 and 55 EMA in the 4 hour chart.
The near-term resistance is around 0.8545, a breach above targets 0.8590/0.8625. Intraday trend is bullish as long as support 0.8474 holds. The immediate support is at 0.8474, any violation below will drag the pair to 0.8460/0.8435/0.8400/0.83830 /0.8365 (61.% fib projection)/0.8340.
Indicator (4 hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Bullish. Overall trend is bullish.
It is good to buy on dips around 0.84980 with SL around 0.8474 for a TP of 0.8545.


FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/NZD gains some ground but outlook is bearish
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro:USD/JPY hovers near a four-decade low
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: USD/ZAR retreats slightly but bias is bullish 



