Chart pattern- Descending triangle break out
USDCHF formed a double bottom around 0.8400 and showed a minor pullback. It hit a high of 0.84854 and is currently trading around 0.84765.
Intraday trend is bullish as long as support of 0.840 holds.
Technicals-
The pair trades below 34 and 55 EMA in the one-hour chart.
The near-term resistance is around 0.84860, a breach above targets 0.8500/0.8540. The bearish pattern from 0.92244 will be completed at 0.8375 if the pair breaks above 0.8540. The immediate support is at 0.84500, any violation below will drag the pair to 0.8430/0.8400/0.8365 (61.% fib projection)/0.8340.
Indicator (1-hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Bullish. Overall trend is bullish
It is good to buy on dips around 0.8480 with SL around 0.8450 for a TP of 0.8540.


FxWirePro: GBP/AUD takes back some lost ground
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro: EUR/NZD remains under pressure as key support gives way
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: USD/CNY falls to three-year high, scope for further downside
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro- Major Pair levels and bias summary
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



