- Near term trend - down
- USD/CHF has broken major support at 0.95237 after two days of consolidation and declined till 0.94938 yesterday. It is currently trading around 0.94977.
- Any break below the low formed on Jun 23rd 2016 (0.95213) confirms minor weakness and a dip till 0.9440 is likely. Overall bullish invalidation only below 0.9440. Any violation below 0.9440 will drag the pair further down till 0.9260.
- On the higher side, the pair is facing major resistance around 0.9622 (10- day MA). Any break above will take the pair to next level till 0.96830. Minor trend reversal only above 0.9700. Short term bullishness above 0.9808. The near term resistance is around 0.9550.
It is good to sell on rallies around 0.9525-0.9530 with SL around 0.9580 for the TP of 0.9440.


FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro- Major European Indices
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: USD/CAD extends decline on broad dollar weakness
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/JPY holding bid into weekend 



