USDCHF has traded in a narrow range between 0.8102 and 0.79961 for the past four days. Currently trading at 0.80461, it reached an intraday high of 0.80530.
Technical Analysis Points to Further Bullishness
The pair is trading above the 55-EMA, the 200-EMA, and the 365-EMA on the 4-hour chart, indicating a bullish trend. The immediate resistance is at 0.80580; any break above targets 0.8105/0.8150/0.82180.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8020; any violation below will drag the pair to 0.800/0.7965/ 0.7920/0.7865/0.7800.
Indicators (4-hour chart)
CCI (50) - Bearish
Directional Movement Index - Neutral
Trading Strategy Recommendation
It is good to sell on rallies around 0.8048-50 with SL around 0.8090 for a TP of 0.7965.


FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro: USD/CAD extends drop, faces 50%fib support
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: USD/ZAR drops below 17.100 level, heads deeper into bear territory
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD edges higher but bearish outlook persists 



