USDCHF pared some of its gains after forming a temporary top around 0.78788. Having made a low of 0.7750, it is currently trading at 0.77941.
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, 200-EMA, and 365-EMA on the 4-hour chart, indicating a bullish trend. The immediate resistance is at 0.7835; any break above targets 0.7865/0.7925/0.7965/0.8000.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7760; any violation below will drag the pair to 0.7000/0.7660/0.7628/0.7600/0.7540/0.7500.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - neutral
Trading Strategy Recommendation
It is good to buy on dips around 0.7780 with SL around 0.7720 for a TP of 0.7870/0.7900.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish 



