The pair gained after a minor pullback to 0.9540 on board-based US dollar buying. The surge in inflation and hawkish comments from fed chairman Powell support the US dollar. According to the Fed watch tool, the probability for a 50 bpbs rate hike in May has increased to 97.6% from 89.3% a week ago. USDCHF hits an intraday high of 0.95995 and is currently trading around 0.95975.
Markets eye US Durable goods orders for further direction.
Bullish scenario-
The primary level to Watch – is 0.96000. Any convincing surge above confirms intraday bullishness. A jump to 0.9660/0.97000 is possible.
Bearish scenario-
Intraday support – 0.9520 (resistance turned into support). Break below that level will take the pair to 0.9460/0.9430/0.9380.
Indicators (Daily chart)
Directional movement index – Bullish
CCI (50) - Bullish
It is good to buy on dips around 0.9565-68 with SL around 0.9520 for a TP of 0.97000.


FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro- Woodies pivot (Major)
FxWirePro:USD/JPY hovers near a four-decade low
Major Pair Action Bias: Bullish Pairs to Watch Out For
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 



