USDCHF has lost more than 150 pips on account of renewed trade tensions between US and China. US and China trade talks end with no deal. China will raise tariff on $60 billion in US goods and will increase tariffs on more than 5000 US products. It hits low of 1.00499 and is currently trading around 1.00749.
On the higher side near term resistance is around 1.0100 and any break above will take the pair to next level till 1.01250/1.01750.
The major support is around 1.0050 and any violation below will drag the USDCHF till 1/0.9948 (200- day MA).
It is good to sell on rallies around 1.010 with SL around 1.0150 for the TP of 1.000/0.9948.


FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 



