USDCHF gained above 0.7950 as strong US jobs data decreased the chance of a rate cut by the Fed. It hits an intraday high of 0.79751 and is currently trading around 0.79707. Intraday bias appears to be bullish as long as the support at 0.7920 holds.
US dollar index gained momentum on renewed trade war concerns. It has broken the previous week's high of 97.42 and is hovering around 97.417.
Technical Analysis Points to Further Upside
The pair is trading above the 55-EMA, 200 EMA, and 365 EMA on the 15-min chart, indicating a bullish trend. The immediate resistance is at 0.79835, any break above targets 0.8000/0.8050/0.8090/0.8140/0.8180/0.8250/0.8300.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7920; any violation below will drag the pair to 0.7900/0.7860/0.7800.
Indicators (15-min chart)
CCI (50) - Bullish
Directional Movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.7950 with a stop-loss at 0.7920 for a TP of 0.8050.


FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: USD/ZAR bears maintain upper hand
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: EUR/NZD edges lower but bullish outlook persists
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 



