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USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout 
USDCHF breaks significant trend line resistance after a long consolidation. gained sharply above 0.8050 on board-based US dollar buying. Currently trading at 0.80644, it reached an intraday high of 0.80642.
Technical Analysis Points to Further Bullishness
The pair is trading above 55-EMA, the 200 EMA, and 365 EMA on the 4-hour chart, indicating a bullish trend. The immediate resistance is at 0.8070; 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 0.8020; any violation below will drag the pair to 0.7965/0.7900/0.7860/0.7800.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.8048-50 with SL around 0.8020 for a TP of 0.8090/0.8150.
