USDCHF declined sharply on Friday more than 150 pips from a high of 0.98772 on US-China trade war escalation. US President tweeted that existing 25% tariffs will be increased to 30% on $250 billion from Oct 1 and tariffs on $300 billion which has been fixed at 10% previously will be hiked to 15%. It hits an intraday low of 0.97135 and shown good recovery after China said it is willing to have a calm resolution trade dispute with the US. It is currently trading around 0.97869.
On the flip side, near term support is around 0.97400 and any violation will drag the pair to the next level till 0.9690/0.9660. Any break below 0.9660 confirms bearish continuation.
The near term resistance is around 0.98030 and any break above will take the USDCHF till 0.9870/0.9925. Major trend reversal only above 0.9980.
It is good to sell on rallies around 0.9835-40 with SL around 0.9900 for the TP of 0.9690.


FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
FxWirePro- Major European Indices
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro: AUD/ USD strongly bearish despite upside attempts
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro- Major Pair levels and bias summary
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
FxWirePro- Major Crypto levels and bias summary 



