The pair continues to trade higher for the fourth consecutive day on board-based US dollar buying. The upbeat economic data and surge in inflation increased the chance of aggressive rate hikes by the Fed. According to the CME Fed watch tool, the probability of a 50 bpbs rate hike in Jul increased to 88.6% from 85.1 % a day ago. USDCHF hits an intraday high of 0.97840 and is currently trading around 0.97824.
Bullish scenario-
The primary level to Watch – is 0.9785. Any convincing surge above confirms intraday bullishness. A jump to 0.9810/0.98650/0.9900 is possible.
Bearish scenario-
Intraday support – 0.9700. Break below that level will take the pair to 0.9660/0.9600/0.9540.
Indicators (Daily chart)
Directional movement index – Neutral
CCI (50) - Bullish
It is good to buy on dips around 0.9760 with SL around 0.9700 for a TP of 0.9900.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
FxWirePro- Major Pair levels and bias summary
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
FxWirePro- Woodies pivot (Major)
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
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: USD/JPY upside capped as intervention risk limit upside 



