Intraday bias remains bullish as long as support 0.8550 holds. It hit a high of 0.86410 at the time of writing and is currently trading around 0.86156.
Fed Governor Christopher Waller acknowledged that recent economic data is mixed but asserted the US economy is on “solid footing.” He highlighted strong employment levels and progress in inflation, despite occasional setbacks.
Major US economic data to watch - Empire State Manufacturing Index
Technicals-
The pair is trading above 34 and 55 EMA in the 4-hour chart.
The near-term resistance is around 0.8660 any break above targets is 0.8698/0.8750. The bearish pattern from 0.92244 will be completed at 0.8375 if the pair closes above 0.8750. A jump to 0.8800/0.8925 is possible. The immediate support is at 0.8580, any violation below will drag the pair to 0.8550/0.8525/ 0.84990/0.8440/0.8420/0.8390/0.8365 (61.% fib projection)/0.8340.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index - Bullish. Overall trend is bullish
It is good to buy on dips around 0.8580 with SL around 0.8525 for a TP of 0.8748.


FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: GBP/NZD gains some upside momentum but still bearish 



