USDCHF was one of the worst performers this month and lost more than 250 pips on board-based US dollar weakness. It hits a low of 0.79595 and is currently trading around 0.79745. Short-term bias appears to be bearish as long as the resistance 0.8250 holds.
Technical Analysis Points to Further Downside
The pair is trading below the 55-EMA, 200 EMA, and 365 EMA on the monthly chart, indicating a bearish trend. The immediate resistance is at 0.8050, any break above targets 0.8090/0.8140/0.8180/0.8250/0.8300.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7950; any violation below will drag the pair to 0.7900/0.7860/0.7700.
Indicators (Monthly chart)
CCI (50) - Bearish
Directional Movement Index - Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 0.8048-50 with a stop-loss at 0.8090 for a TP of 0.7800.


FxWirePro- Major Crypto levels and bias summary
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely
FxWirePro: AUD/ USD eases as risk sentiment remains fragile
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
FxWirePro- Major Pair levels and bias summary
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target
FxWirePro- Major Crypto levels and bias summary
CAD/JPY Surges on Broad-Based Canadian Dollar Buying
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align 



