USDCHF holds above 0.7850 as demand for safe-haven assets increases on the escalation of tension between Israel and Iran. Having made an intraday high of 0.78722, it is currently trading at 0.78642.
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, 200-EMA, and 365-EMA on the 1-hour chart, indicating a bullish trend. The immediate resistance is at 0.78750; any break above targets 0.7925/0.7965/0.8000.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7800; any violation below will drag the pair to 0.7760/0.7000/0.7660/0.7628/0.7600/0.7540/0.7500.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.7808-100 with SL around 0.7765 for a TP of 0.7925/0.7965.


FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
AUDJPY Under Pressure: Bearish Technicals Signal Further Downside for the Aussie
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD steadies around 1.6750, retains bid tone
Kiwi Retreat: Yen Momentum Targets 90.00 Support
FxWirePro: USD/ZAR remains buoyant, looks to extend gains
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
Bitcoin Retreats Toward Critical Support as Geopolitical Winds Shift
Euro Retreat: EURUSD Slips Toward 1.14 as Dollar Strength Resurges
Ethereum Reclaims $2,000 Handle: ETHUSD Stabilizes as Bulls Eye a Recovery
FxWirePro:NZD/USD lingers near strong support as risk aversion dominates early trade
Dollar Dominance: USDCHF Defies Resistance Amid Greenback Surge
NZDJPY Technical Outlook: Bearish Momentum Gains Traction as Kiwi Weakens 



