USDCHF trades below 0.7870 on board-based US dollar selling. Any breach below 0.7860 confirms further bearishness. Currently trading at 0.78662, it reached an intraday low of 0.78622.
Technical Analysis Points to Further Bullishness
The pair is trading below the 55-EMA, the 200-EMA, and the 365-EMA on the 4-hour chart, indicating a bearish trend. The immediate resistance is at 0.7925; any break above targets 0.7965/0.8000/0.8040/0.8090/0.8150/0.82180.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7860; any violation below will drag the pair to 0.7800/0.7770.
Indicators (4-hour chart)
CCI (50) - Bearish
Directional Movement Index - bearish
Trading Strategy Recommendation
It is good to sell on rallies around 0.7900 with SL around 0.7950 for a TP of 0.7800.


FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro: AUD/USD remains buoyant, looks to extend gains
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
FxWirePro: GBP/USD hits one-month high, scope for further upside
FxWirePro:EUR/NZD extends fall, key support lies ahead
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD 



