USDCHF pared some of its gains after a minor pullback.It hits an high of 0.85838 and is currently trading around 0.84666. Intraday bias appears to be bearish as long as the resistance 0.8620 holds.
Technical Analysis Points to Further Downside
The pair is trading below the 34-EMA and 55-EMA on the 4-hour chart indicating a minor up trend. The immediate resistance is at 0.8500 any break above targets 0.8580/0.8620/0.8660/0.8700/ 0.8757/0.8800.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8450, any violation below will drag the pair to 0.8425/0.8375.
Bearish Indicators
CCI (50) - Bearish
Directional movement Index - Neutral
Trading Strategy Recommendation
It is good to sell on rallies around 0.85000 with a stop-loss at 0.8550 for a TP of 0.8425.


FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/USD dips lower on negative UK retail sales data
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro- Major European Indices
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 



