USDCHF holds above 0.7950 on board-based US dollar buying. Having made an intraday high of 0.79800, it is currently trading at 0.79668.
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, 200-EMA, and 365-EMA on the 4-hour chart, indicating a bullish trend. The immediate resistance is at 0.8000, any break above targets 0.8040/0.8090/0.81250.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7920; any violation below will drag the pair to 0.7900/0.7865/0.7800/0.7765/0.7000/0.7660/0.7628.
Indicators (4-hour chart)
CCI (50) - Neutral
Directional Movement Index - neutral
Trading Strategy Recommendation
It is good to buy on dips around 0.7848-50 with SL around 0.7800 for a TP of 0.7965/0.8000.


FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals
FxWirePro- Woodies Pivot (Major)
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760
NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech 



