USDCHF recovered slightly as the dollar gained momentum. Currently trading at 0.79540, it reached a high of 0.795740 at the time of writing.
Technical Analysis Points to Further Bearishness
The pair is trading above 55-EMA, the 200 EMA, and above 365 EMA on the 1-hour chart, indicating a mixed trend. The immediate resistance is at 0.7965; any break above targets 0.8000/0.8020/0.8070/0.8090/0.8135/0.8170/0.8215/0.8250.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7900; any violation below will drag the pair to 0.7860/0.7800.
Indicators (1-hour chart)
CCI (50) - Bullish
Directional Movement Index - Neutral
Trading Strategy Recommendation
It is good to buy on dips around 0.7918-20 with SL around 0.7870 for a TP of 0.8070.


FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro: AUD/USD dips on soft China data
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 



