USDCHF trades higher for the fourth consecutive week on board- based US dollar buying. Having made an intraday high of 0.83830, it is currently trading at 0.83568.
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, above 200-EMA, and 365-EMA on the 4-hour chart, indicating a bullish trend. The immediate resistance is at 0.8400; any break above targets 0.8465/0.8500.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8320; any violation below will drag the pair to 0.8280/0.8220/0.8180.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.8320 with SL around 0.8280 for a TP of 0.8465.


FxWirePro: USD/ZAR gaining momentum for a move towards 16.800 level
FxWirePro: NZD/USD edges lower, remains on back foot
Major Pair Currency Score: EUR/USD, NZD/USD, and AUD/USD Turn Extremely Bearish
FxWirePro: AUD/USD edges lower ,bearish outlook persists
FxWirePro: GBP/USD slips as dollar holds firm
FxWirePro: EUR/AUD falls sharply as French fiscal concerns weighs on euro
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Holds Above 110.00: Buying the Dip for a Potential Rally Toward 112.00
EUR/USD Slumps Near 1.1160 as Dismal US Jobs Data Triggers Sell-Off
FxWirePro- Woodies Pivot
FxWirePro: NZD/USD heads deeper into bear territory, 23.6%fib eyed
FxWirePro- Woodies Pivot
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/JPY edges lower as investors assess Takaichi’s comments
EUR/USD Rebounds Above 1.1250 Ahead of Fed Minutes: Technicals Eye Buy-on-Dips Target at 1.1365
BTC and ETH Derivatives Report: Long Flush Normalizes Futures, Options Show Range Consolidation 



