USDCHF trades weakly as the escalation of trade tensions increases demand for safe-haven assets. It touched an intraday low of 0.78782 and is now trading at 0.79162. Any violation above 0.80400 confirms further bullish continuation.
Technical Analysis Points to Further Bullishness
The pair is trading below the 55-EMA,200-EMA, and 365-EMA on the 4-hour chart, indicating a bearish trend. The immediate resistance is at 0.7965; any break above targets 0.8000/0.8040/0.8070/0.8090/0.8150/0.82180.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7960; any violation below will drag the pair to 0.7920/0.7860/0.7800/0.7770.
Indicators (4-hour chart)
CCI (50) - Bearish
Directional Movement Index - Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 0.7968-70 with SL around 0.8000 for a TP of 0.7860.


FxWirePro: GBP/NZD range to extend until there is game changing news
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
FxWirePro- Major Pair levels and bias summary
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR sustains gains as uptrend remains strong 



