- USD/CHF has shown a good recovery almost 100 pips after hitting low of 0.94213. The pair formed almost minor bottom around 0.9350 and any bearish continuation can be seen below that level. The pair hits previous week high of 0.94899 and is currently trading around 0.95174.
- Swiss Franc weakens after ECB monetary policy meeting. The central bank said that it will bond buying program will continue till Sep and longer if needed. It has not given any specific end date. Traders are awaiting an announcement from US president Trump on tariffs. Market eyes US Non farm payroll for further direction.
- Technically, in the daily chart the pair is facing strong resistance at 0.9550 and any break above will take the pair to next level till 0.9600/0.9620./0.96650.
- On the lower side, near term support is around 0.9430 (34- day EMA) and any break below will take the pair to next level till 0.9380/0.9350. The major support is around 0.92510.
It is good to buy on dips around 0.9495-50 with SL around 0.9430 for the TP of 0.9600.


FxWirePro: USD/ZAR edges higher but bearish outlook persists
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/USD dips lower on negative UK retail sales data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 



