21:02 UTC
Range, recovering toward upper bound · RSI 64 · price 0.79633
Two-month range, testing range high after Feb-Mar rally stalled.
USDCHF has spent two months ranging roughly 0.778-0.799 after the Feb-Mar rally stalled below the 0.80424 feb high. The pair pushed back toward the range high this week, the latest session adding nearly 100 pips as USD firmed on Friday's blowout NFP beat (172K vs 85K). Price now holds above EMA(50) with RSI in the mid-60s, but the 0.7993 range high has capped prior weekly attempts.
Support: 0.7872, 0.7810, 0.7775
Resistance: 0.79934, 0.80424
What it said to watch
- D1 close above 0.79934 range high opens the path toward the 0.80424 feb high
- Failure to hold 0.7872 recent low returns price toward the 0.781 range mid
- US CPI Tue Jun 10 is the dominant catalyst — could reset this read