Major resistance - 0.9860
USDCHF continues to trade higher for 3rd consecutive days and jumped more than 100 pips on declining demand for Safe-haven assets and broad-based US dollar buying. US jobless claims dropped 12,000 to seasonally adjusted 209000 for the week ended on Aug 17. The IHS Markit Flash Purchasing Manager's Index came at 49.9 below 50 levels for the first time since Sep 2009. Markets eye Jackson hole symposium for further direction. It is currently trading around 0.98718.
US dollar index has recovered more than 50 pips from a low of 96.96 made yesterday. Any minor weakness only below 97.80. In the short term, it is expected to reach 98.93 high made on Aug 1st, 2019.
On the higher side, near term resistance is around 0.9860 and any convincing break above will take the pair till 0.9900/0.9980. The major trend reversal only above 0.9980.
The near term support is around 0.9810 and any violation below will drag the pair to the next level till 0.9800/0.9740/0.9690. Any major weakness below 0.9660.
It is good to buy on dips around 0.9855-58 with SL around 0.9800 for the TP of 0.9980.


CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: USD/ZAR bears maintain upper hand
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary 



