USDCHF gained sharply on board-based US dollar buying. Having made an intraday high of 0.77549, it is currently trading at 0.77543
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, 200-EMA, and 365-EMA on the 1-hour chart, indicating a bullish trend. The immediate resistance is at 0.7750; any break above targets 0.7800/0.7865/0.7925/0.7965/0.8000.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7700; any violation below will drag the pair to 0.7660/0.7628/0.7600/0.7540/0.7500.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.7728-30 with SL around 0.76980 for a TP of 0.7865.


Bitcoin Downtrend Firm: Narrow Consolidation ~$68,710 After Asian Session Ends Weak, No Rebound
FxWirePro AUD/USD creeps higher, RBA minutes may rekindle rally
FxWirePro: NZD/USD edges lower ahead of key RBNZ policy decision
FxWirePro- Woodies Pivot(Major)
FxWirePro : GBP/NZD hovers around 2.2575 downtrend looks likely to resume
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
Double Bottom Magic: AUD/JPY Eyes 110.78 Breakout After Perfect Pullback
FxWirePro: USD/JPY gains as yen weakens on soft Japan’s Q4 GDP data
AUDJPY Bears Regroup: Sell Rallies as Trendline Bounce Fades
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
USDCHF Bears Eye Deeper Slide: Sell Rallies as Cooling US Inflation Fuels Franc Strength
FxWirePro: USD/ZAR gains some ground but outlook still bearish
FxWirePro: NZD/USD bulls lose traction, cannot add to overnight gains
EURJPY Bears Hold the Line: Sell Rallies Below 183 as Trendline Support Tested
GBPJPY 150-Pip Reversal Alert: Fib Fakeout Rejected — Bulls Strong, But Fade the Bounce 



