- USD/CHF is trading flat after a 685 pips dip from high of 0.99770 made on Dec 8th 2017. The pair hits low of 0.9288 and is currently trading around 0.93170.
- The pair is consolidating between 0.9288 and 0.94308 for the past three trading session. USD/CHF upside is capped by 7- day MA (0.9443) and 23.6% fib at 0.94513 for further upside.
- On the lower side, major support stands at 0.92800 and any break below confirms further weakness. Any break below will drag the pair down till 0.9197 (161.8% fib).
- The near term resistance is around 0.9443-0.9450 and any short term reversal only above that level.
- In the daily chart CCI has formed bullish divergence and RSI is in over sold region. So minor jump till 0.9400-0.9420 will be taken as opportunity to sell. But for intraday traders it is good for buy at lower levels.
It is good to buy on dips around 0.9300 with SL around 0.9250 for the TP of 0.9400/0.9435.


FxWirePro: GBP/NZD bears gain momentum awaiting Mideast Geopolitical clarity
FxWirePro: GBP/USD dips as strong U.S. data boosts greenback
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
Solana at a Crossroads: Triple Bottom Support Offers Lifeline for SOL Bulls
NZDJPY Technical Outlook: Bullish Momentum Drives Kiwi Toward 96.00 Target
FxWirePro: USD/CNY inches higher as investors await potential US-Iran peace talks
FxWirePro: NZD/USD firms as Q1 NZ CPI runs hotter than expected
FxWirePro: NZD/USD firms on RBNZ rate hike expectations
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/CAD dips as weaker dollar gives bears some traction
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak
AUD/USD firms slightly ahead US-Iran Peace talks
Bitcoin Rises on Diplomatic Hopes: Bulls Eye $85,000 Ahead of Ceasefire Talks 



