09:19 UTC
Downtrend, lower highs and lower lows · RSI 34 · price 0.77625
Rejection from 0.7920s, breaking below prior swing support.
USDCHF rolled over from the 0.7920s after a sharp rejection late last week and has carved a sequence of lower highs and lower lows back toward two-month lows near 0.7762. Price sits below both EMA20 and EMA50, with RSI in the mid-30s confirming sustained downside pressure. Recent USD softness, flagged by FXStreet's bearish USD/CHF read and Wells Fargo's cautious US CPI commentary, aligns with the structural break below the 0.7793 prior support.
Support: 0.77616, 0.7750, 0.77693
Resistance: 0.7793, 0.7818, 0.78589
What it said to watch
- H4 close back above 0.7818 ema20 would neutralise the lower-high structure
- Break below 0.7762 session low extends the downtrend toward 0.7750 psych
- US CPI release this week could materially shift this read