USDCHF continues to trade lower for past one week and hits 2-week low around 0.99785.The pair has formed temporary top around 1.01242 on Mar 7th 2019. Markets eyes US Fed and SNB monetary policy for further direction. Both Fed and Swiss National Bank are expected to more dovish and Swiss economy got contracted as their main export market slowing. A stronger Swiss franc will make nation’s export less attractive. It is currently trading around 0.99785.
On the higher side, near term resistance is around 1.0030 and any violation above targets 1.0060/1.010/1.01285. Any break above 1.01285 confirms that bear trend has stopped around 0.97162 and jump till 1.0175/1.0340 is possible.
The near term support is around 0.9985 (50- day MA) and any break below will take the pair to next level till 0.9919 (200- day MA)/0.9850.
It is good to sell on rallies around 1.000 with SL around 1.0030 for the TP of 0.9920.
Resistance
R1- 1.0030
R2 -1.0060
R3-1.010
Support
S1- 0.9985
S2- 0.9958
S3- 0.9918


FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro- Woodies pivot (Major)
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/ZAR edges higher, set to stay on back foot
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown 



