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: GBP/AUD stuck in range but maintains bearish bias
JPY Major Currency Scores: USDJPY and GBPJPY Lead Bullish Trend
FxWirePro: GBP/USD cedes early gains ,outlook bearish
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
FxWirePro:EUR/NZD gains some ground but outlook is bearish
FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish
FxWirePro: USD/CAD downside pressure builds, key support level in focus
EURUSD Dips Below 1.1600 Amidst Dollar Strength: Bearish Bias Favors Selling Rallies
FxWirePro- Woodies Pivot (Major)
FxWirePro: USD/JPY hovers near 160, outlook bullish
FxWirePro: USD/CNY hovers near 3 -1/2 year low , outlook bearish
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
FxWirePro- Major Pair Currency Score (AUDUSD Bullish)
FxWirePro: EUR/ AUD gains slightly but remains on bearish path 



