As US markets closed for President day, USDCHF traded flat. Having reached an intraday high of 0.77039, it is now trading at 0.77002.
Technical Analysis Points to Further Bullishness
The pair is trading below the 55-EMA, 200-EMA, and 365-EMA on the 4-hour chart, indicating a bearish trend. The immediate resistance is at 0.77250; any break above targets 0.7755/0.7800/0.7865/0.7925/0.7965/0.8000.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7660; any violation below will drag the pair to 0.7628/0.7600/0.7540/0.7500.
Indicators (4-hour chart)
CCI (50) - Bearish
Directional Movement Index - Neutral
Trading Strategy Recommendation
It is good to sell on rallies around 0.7728-30 with SL around 0.7785 for a TP of 0.7500.


EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro- Woodies Pivot (Major)
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish 



