USDCHF pared some of its gains made this week on profit booking. The pair was one of the best performers the previous month on board-based US dollar buying. Hawkish comments from the Fed chairman in Jackson hole also pushed the pair higher. Market eyes US Non-farm payroll for further direction.
US ISM manufacturing PMI came at 52.80 in Aug vs expectations of 52. The number of people who have filed for unemployment benefits has dropped to 23200 compared to an estimated 252K.
Technically in the 15 min chart, the pair is holding below short term (21- and 55 EMA) and above 200 EMA (0.97875). Any break below 0.9780 will take the pair to 0.970/0.9660. USDCHF hits an intraday low of 0.97869 and is currently trading around 0.98011.
The near-term resistance is around 0.98865, and any breach below targets 0.9948/1.000.
Indicators (15-Min chart)
CCI (50)- Bearish
ADX- Neutral
It is good to sell on rallies around 0.9848-50 with SL around 0.9900 for TP of 0.9700.


EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY remains in familiar place on intervention threat
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data 



