Having created a double bottom near 0.7860, USDCHF experienced a small decline. Any break under 0.7860 reinforces more bearishness. It touched an intraday high of 0.79412 and is now trading at 0.79332.
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, below the 200-EMA, and 365 EMA on the 4-hour chart, indicating a mixed trend. The immediate resistance is at 0.7965; any break above targets 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) - Bullish
Directional Movement Index - Neutral
Trading Strategy Recommendation
It is good to sell on rallies around 0.7965 with SL around 0.8000 for a TP of 0.7800.


FxWirePro: NZD/USD trades in narrow range ,outlook bullish
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro- Major Crypto levels and bias summary
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro: GBP/USD hits one-month high, scope for further upside
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD
FxWirePro:EUR/NZD extends fall, key support lies ahead
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
FxWirePro: AUD/USD remains buoyant, looks to extend gains 



