FxWirePro: NZD/USD edges lower, remains on back foot 
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD falls after BoE rate hold 
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike 
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation 
FxWirePro- Woodies Pivot (Major) 
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength 
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90 
FxWirePro: GBP/AUD edges higher but maintains bearish bias 
JPY Major Currency Score 
FxWirePro- Major Pair levels and bias summary 
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum 
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices 
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty 
Add as a preferred source on Google
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.
