USDCHF has halted its two days of continuous selling and shown a good recovery of more than 100 pips from low of 0.98409. Swiss franc was trading higher for past 1-1/2 month on account of global stock market selling which has increased on increasing safe demand . The global sell-off and Brexit uncertainty has increased demand for safe haven. US Fed was slightly dovish and has reduced rate hike form 3 to 2 for 2019.Markets eye US final GDP for further direction. It is currently trading around 0.99268.
The near term major resistance is around 0.9962 (trend line)and any convincing break above targets 1.0010/1.00680. Any violation above 1.013 confirms minor trend reversal.
On the lower side ,support is around 0.9880 and any violation below will take the pair to next level till 0.9845.
It is good to buy on dips around 0.9920 with SL around 0.9860 for the TP of 1.010.


Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/ZAR edges higher, set to stay on back foot
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary 



