USDCHF pared some of its gains on renewed US dollar weakness. It hits an intraday low of 0.79889 and is currently trading around 0.79920. Intraday bias appears to be bearish as long as resistance 0.80605 (200- 4H EMA).
Technical Analysis Points to Further Downside
The pair is trading below the 55-EMA, below the 200 EMA, and 365 EMA on the 4-hour chart, indicating a bearish trend. The immediate resistance is at 0.8000 a break above targets 0.8050/0.8090/0.8140/0.8180/0.8250/0.8300.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7950, any violation below will drag the pair to 0.7920/0.7900/0.7860/0.7800.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional movement Index - bearish
Trading Strategy Recommendation
It is good to sell on rallies around 0.8020 with a stop-loss at 0.8065 for a TP of 0.7870.


FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: USD/ZAR sell bias remains below key resistance zone
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro- Major Crypto levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Major Pair levels and bias summary
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 



