USDCHF pared some of its gains on board-based US dollar selling. Having made an low of 0.79799, it is currently trading at 0.8000.
Technical Analysis Points to Further Bearishness
The pair is trading below the 55-EMA, above 200-EMA, and 365-EMA on the 4-hour chart, indicating a mixed trend. The immediate resistance is at 0.8050,any break above targets 0.8090/0.8150/0.8200.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8000; any violation below will drag the pair to 0.7965/ 0.7925/0.7865/0.7800/0.7765/0.7000/0.7660/0.7628.
Indicators (4-hour chart)
CCI (50) - Bearish
Directional Movement Index - neutral
Trading Strategy Recommendation
It is good to sell on rallies around 0.8068-70 with SL around 0.8150 for a TP of 0.7960.


ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
AUDJPY Surges to One-Month High on Australian Dollar Strength
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech 



