Ichimoku analysis (4 Hour chart)
Tenken-Sen- 0.91318
Kijun-Sen- 0.91587
June month high– 0.92750
The pair is consolidating between 0.92069 and 0.91105 for the past two days. The minor sell-off in the US dollar is putting pressure on this pair at higher levels. The US new home sales surged by 1% in Jul to a seasonally adjusted annual rate of 708000 units compared to a forecast of 698000. The US 10-year yield surged after approval of Pfizer vaccine approval. At the time of writing, USDCHF is hovering around 0.91400, up 0.16%. Markets US durable goods orders for further direction.
Trend- Bearish
The near-term resistance is around 0.91563 any breach above targets 0.9185/0.9210/0.9240/0.9275. Bullish trend continuation only if it breaks 0.92750. On the lower side, immediate support is around 0.91150. Any convincing breach below will take to the next level 0.90750/0.9050.
.
Indicator (4-Hour chart)
CCI (50) – Bearish
Directional movement index –Bearish
It is good to sell on rallies around 0.9138-40 with SL around 0.9180 for a TP of 0.9000.


FxWirePro- Major European Indices
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/CNY downside pressure builds, key support level In focus
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Crypto levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/USD advances on steady UK GDP growth
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major Pair levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next? 



