The pair recovered strongly on board-based US dollar buying. The surge in inflation and upbeat US jobs data has increased the chance of aggressive rate hikes by the Fed. According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Jul increased to 13.8% from 2.3% a week ago. The jump in US treasury yields also supports the US dollar at lower levels. USDCHF hits a high of 0.97535 and is currently trading around 0.97499.
Bullish scenario-
The primary level to Watch – is 0.9765. Any convincing surge above confirms intraday bullishness. A jump to 0.9810/0.98650 is possible.
Bearish scenario-
Intraday support – 0.9660. Break below that level will take the pair to 0.9600/0.9520/0.9460/0.9430/0.9380.
Indicators (4-Hour chart)
Directional movement index – Bullish
CCI (50) - Bullish
It is good to buy on dips around 0.9748-50 with SL around 0.9700 for a TP of 0.9845.


FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro-Major European Indices
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro- Woodies Pivot(Major)
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro- Major Pair levels and bias summary
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary 



