FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro:EUR/NZD dips below lower range, bearish bias increases 
FxWirePro: NZD/USD trades in narrow range ,outlook bullish 
FxWirePro: GBP/USD hits one-month high, scope for further upside 
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path 
FxWirePro- Woodies pivot (Major) 
Gold Loses Steam After Strong U.S. Retail Sales 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions 
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro- Major Pair levels and bias summary 
USDCHF pared most of its gains on board-based US dollar selling. It hits an intraday low of 0.797312 and is currently trading around 0.79355.
Technical Analysis Points to Further Weakness
The pair is trading below 55-EMA, the 200 EMA, and 365 EMA on the 4-hour chart, indicating a weak trend. The immediate resistance is at 0.7980; any break above targets 0.8000/0.8070/0.8090/0.8135/0.8170/0.8215/0.8250.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7920; any violation below will drag the pair to 0.7900/0.7860/0.7800.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Neutral
Trading Strategy Recommendation
It is good to sell on rallies around 0.7968-70 with SL around 0.8010 for a TP of 0.7860.
