09:19 UTC
Downtrend, momentum reasserting · RSI 42 · price 0.77625
Lower highs from 0.8042; ranging below 0.7920 with fresh push toward range lows.
Multi-month downtrend remains intact: USDCHF carved a major lower low at 0.7604 in late January and the subsequent recovery has stalled into a chain of lower highs from 0.8042. Last week's rejection from 0.7924 and the slide back to 0.7761 puts the swing low at 0.7731 in focus, with price trading below both EMA20 and EMA50 on D1. RSI near 42 reflects renewed downside pressure rather than oversold conditions, consistent with the soft-USD tone and Friday's two-month low noted in the wires.
Support: 0.77309, 0.76043
Resistance: 0.78925, 0.79507, 0.80424
What it said to watch
- Daily close below 0.7731 swing low confirms continuation toward the 0.7604 Jan low
- Reclaim of EMA50 around 0.7849 and a close above 0.7892 prior high would neutralise the downtrend read
- US April CPI release is the next macro catalyst capable of repricing this read