USDCHF breaks significant resistance 0.8090 on board-based US dollar buying. It hits an intraday high of 0.81058 and is currently trading around 0.081003.
Technical Analysis Points to Further Upside
The pair is trading above the 55-EMA, 200 EMA, and below the 365 EMA on the 4-hour chart, indicating a mixed trend. The immediate resistance is at 0.8135 any break above targets 0.8170/0.8215/0.8250.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8060; any violation below will drag the pair to 0.8020/0.7980/0.7920/0.7860/0.7800.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.8090 with a stop-loss at 0.8058 for a TP of 0.8170/0.8215.


FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Major European Indices
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 



