USDCHF gained sharply as demand for safe-haven assets like Swiss Franc diminished. It hit an intraday high of 0.84747 and is currently trading around 0.84722. Intraday bias appears to be bullish as long as the support 0.8378 holds.
Technical Analysis Points to Further Upside
The pair is trading above the 34-EMA and 55-EMA on the 4-hour chart indicates a major up trend. The immediate resistance is at 0.8500 any break above targets 0.8520/0.8580/0.8625.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8420, any violation below will drag the pair to 0.8378/0.8320/0.8270/0.8230/0.8180/0.8135/0.8090/0.8000.
Bullish Indicators
CCI (50) - Bullish
Directional movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.8 with a stop-loss at 0.823 for a TP of 0.8500.


Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro- Major Crypto levels and bias summary
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro- Major European Indices
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: GBP/NZD remains bullish as rally continues
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro-Major European Indices 



