USDCHF is trading weak for a second consecutive week on the strong Swiss franc. It was one of the best performers against all majors after SNB supported Franc's appreciation. Markets are anticipating another 50 bpbs rate hike by the Swiss national bank on Sep 22nd.
Technically in the 4-hour chart, the pair is holding below above short term (21- and 55 EMA) and 200 EMA (0.96670). Any break below 0.9540 will take the pair to 0.9470/0.9430/0.9370. USDCHF hits an intraday low of 0.95449 and is currently trading around 0.95512.
The near-term resistance is around 0.96000, and any breach below targets 0.9660/0.9725.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Bearish
It is good to sell on rallies around 0.9580-85 with SL around 0.9635 for TP of 0.94750.


ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: USD/ZAR recovers some ground but outlook is bearish 



