Major resistance 0.9900
USDCHF continues to trade lower for 2nd consecutive day and lost more than 80 pips from minor top 0.99050.US PPI data also came better than expected like CPI. Core PPI is at 0.3% compared to an estimate of 0.2%. The broad-based US dollar selling and geopolitical tensions have increased demand for Safe-haven assets like yen, Swiss franc. With no major economic data released today markets eye the Empire State Manufacturing index. US 10 year yield is consolidating after more than 5% jump on Friday. It is currently trading around 0.98225.
On the higher side, near term resistance is around 0.9865 and any break above will take the pair to next level till 0.99100/0.9950/0.9980/1.000/1.0025
The near term support is at 0.9800 and any violation below will take the pair to next level till 0.9750/0.9690.
It is good to sell on rallies around 0.9865 with SL around 0.9900 for the TP of 0.9750/0.9690.


FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro- Major European Indices
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 



