USDCHF pared most of its gains despite strong US jobs data. Having made a high of 0.77300 yesterday, it is currently trading at 0.76706.
Technical Analysis Points to Further Bullishness
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 0.7700; any break above targets 0.7730/0.77455/0.7800/0.7865/0.7925/0.7965/0.8000.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7660; any violation below will drag the pair to 0.7628/0.7600/0.7540/0.7500.
Indicators (4-hour chart)
CCI (50) - Bearish
Directional Movement Index - Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 0.7728-30 with SL around 0.7785 for a TP of 0.7500.


FxWirePro:EUR/NZD extends fall, key support lies ahead
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro: GBP/USD hits one-month high, scope for further upside
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
FxWirePro: AUD/USD edges lower, but bullish outlook persists
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD remains buoyant, looks to extend gains
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
FxWirePro: NZD/USD trades in narrow range ,outlook bullish 



