USDCHF breaks the previous week's high after a long consolidation due to broad-based US dollar buying. It hits an intraday high of 0.80717 and is currently trading around 0.080488.
Technical Analysis Points to Further Upside
The pair is trading above the 55-EMA, 200 EMA, and below the 365 EMA on the 4-hour chart, indicating a mixed trend. The immediate resistance is at 0.8090, any break above targets 0.8135/0.8170/0.8215/0.8250.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8028; any violation below will drag the pair to 0.7980/0.7920/0.7860/0.7800.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.8030 with a stop-loss at 0.7998 for a TP of 0.8090/0.8130.


Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major European Indices
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro- Woodies Pivot(Major)
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro- Major European Indices
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 



