USDCHF gained sharply as demand for safe-haven assets like Swiss Franc diminished. It hit an intraday high of 0.84747 and is currently trading around 0.84722. Intraday bias appears to be bullish as long as the support 0.8378 holds.
Technical Analysis Points to Further Upside
The pair is trading above the 34-EMA and 55-EMA on the 4-hour chart indicates a major up trend. The immediate resistance is at 0.8500 any break above targets 0.8520/0.8580/0.8625.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8420, any violation below will drag the pair to 0.8378/0.8320/0.8270/0.8230/0.8180/0.8135/0.8090/0.8000.
Bullish Indicators
CCI (50) - Bullish
Directional movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.8 with a stop-loss at 0.823 for a TP of 0.8500.


NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
JPY Major Currency Score
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: AUD/USD firms after RBA governor Bullock comments
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
FxWirePro: USD/CAD neutral in the near term, scope for further upside
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340 



