Intraday bias remains bearish as long as resistance 0.8500 holds. It hit a low of 0.84358 and is currently trading around 0.84423.
Markets eye the Empire State Manufacturing Index for further direction.
Technicals-
The pair is trading below 34 and 55 EMA in the 4-hour chart.
The near-term resistance is around 0.8500 any break above targets is 0.8550/0.8590/0.8635. The bearish pattern from 0.92244 will be completed at 0.8375 if the pair closes above 0.8550. The immediate support is at 0.8440, any violation below will drag the pair to 0.8420/0.8400/0.8365 (61.% fib projection)/0.8340.
Indicator (4-hour chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - Bearish. Overall trend is bearish
It is good to sell on rallies around 0.8487-88 with SL around 0.8550 for a TP of 0.8380.


JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish 



