USDCHF has shown a minor jump above parity level and started to decline after hitting high of 1.00128. The renewed trade hopes between the US and China came after US President tweeted that he will be meeting Chinese President Xi Jinping in the G-20 meeting. This has slightly reduced demand for safe-haven assets like Gold, Swiss franc and yen. The next major up move is possible only after the Fed policy meeting. According to the market, the rate cut is going to happen in July. The probability of rate cut in July was more than 85%, according to CME Group's FedWatch tool.
On the higher side, major resistance is around 1.0028 (55- day EMA) and any convincing break above targets 1.0050/1.010. Any major bullishness only above 1.0120.
The major trend reversal can happen only below 0.9960 (200-day MA) and any violation below will drag the pair till 1.0050/1.010.
It is good to buy on dips around 1.000 with SL around 0.9960 for the TP of 1.010.


FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: GBP/NZD range to extend until there is game changing news
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro- Woodies Pivot(Major)
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro- Major Crypto levels and bias summary
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices 



