USDCHF gained more than 50 pips on board-based US dollar buying. It hit a high of 0.80520 and is currently trading around 0.80520.
Markets eye the US ISM manufacturing PMI for further direction.
Technical Analysis Points to Further Upside
The pair is trading below the 55-EMA, below 2the 00 EMA and 365 EMA on the 1-hour chart, indicating a bullish trend. The immediate resistance is at 0.8060; any break above targets 0.8090/0.8135/0.8170/0.8215/0.8250.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8000; any violation below will drag the pair to 0.7980/0.7920/0.7860/0.7800.
Indicators (1-hour chart)
CCI (50) - Bullish
Directional Movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.8038-40 with a stop-loss at 0.8000 for a TP of 0.8130.


FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
FxWirePro: USD/JPY edges up, looks to extend gains
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: GBP/NZD continues to recovers , upside pressure builds 



