USDCHF holds below 0.7800 on board-based US dollar selling. Having made an intraday low of 0.77715, it is currently trading at 0.77758.
Technical Analysis Points to Further Bearishness
The pair is trading below the 55-EMA, 200-EMA, and 365-EMA on the 4-hour chart, indicating a bearish trend. The immediate resistance is at 0.7800,any break above targets 0.7865/0.7925/0.7960/0.8000.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7760; any violation below will drag the pair to 0.7000/0.7660/0.7628.
Indicators (4-hour chart)
CCI (50) - Bearish
Directional Movement Index - Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 0.7800 with SL around 0.7865 for a TP of 0.7655/0.7620.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD holds narrow range, focus on near-term support
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY steadies below 162.00 as Geopolitical risks keep dollar supported
FxWirePro: NZD/USD snaps eight-day losing streak
FxWirePro: GBP/USD recovers some ground but bearish outlook persist
FxWirePro: USD/ZAR changes short term trend from neutral to bearish
FxWirePro- Major Pair levels and bias summary
EURJPY Consolidates Above Key EMAs: Mixed Indicators Suggest Cautious Optimism for Traders
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains bullish as rally continues
AUDJPY Trapped in Narrow Range: Bearish Technicals Suggest Downside Risk
NZDJPY: Bearish Outlook Persists as 92 Resistance Holds Firm
FxWirePro: AUD/USD slips to hit three-month low,scope for further downside
FxWirePro: EUR/AUD up trend gains momentum but hurdles ahead
FxWirePro: EUR/ NZD gaining momentum for a move towards 2.0350 level 



