USDCHF lost its shine on board-based US dollar weakness. Having made an intraday low of 0.76616, it is currently trading at 0.76630.
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA and 200-EMA and below the 365-EMA on the 4-hour chart, indicating a bearish trend. The immediate resistance is at 0.7700; any break above targets 0.77455/0.7800/0.7865/0.7925/0.7965/0.8000.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7660; any violation below will drag the pair to 0.7600/0.7540/0.7500.
Indicators (4-hour chart)
CCI (50) - Bearish
Directional Movement Index - Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 0.7728-30 with SL around 0.7785 for a TP of 0.7500.


Aussie Eclipse: AUDJPY Slips Below 110.00 as Bearish Momentum Surges
FxWirePro: USD/CAD sustains gains as uptrend remains strong
Ethereum Trails Bitcoin’s Retreat: Key Support Levels in Focus
FxWirePro:NZD/USD lingers near strong support as risk aversion dominates early trade
FxWirePro: USD/ZAR remains buoyant, looks to extend gains
FxWirePro: EUR/NZD positions for another climb, eyes 2.0100 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD steadies around 1.6750, retains bid tone
Dollar Dominance: USDCHF Defies Resistance Amid Greenback Surge
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD AUD/USD softens as middle east problems compound
Bitcoin’s High-Stakes Volatility: BTCUSD Navigates Geopolitical Storms
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
Euro Retreat: EURUSD Slips Toward 1.14 as Dollar Strength Resurges
FxWirePro: GBP/NZD bulls struggles as upside momentum fades 



