Range 0.8040-0.8135 after sell-off from month high.
USDCHF rolled over from the 0.8207 month high and has since chopped in a 0.8040-0.8135 range, with the latest push rejected at the range top and price back at the mid-range ~0.808. Lower highs persist and price sits below both EMAs, the drift consistent with USD softness after Friday's -23K NFP miss. ATR near 22 pips marks a moderate, non-trending regime as the market waits on Wednesday's US CPI.
Support: 0.80564, 0.8040, 0.8000
Resistance: 0.8100, 0.8135, 0.8207
What it said to watch
H4 close above 0.8100 pivot then 0.8135 range top reopens 0.8150/0.8207
Failure to hold 0.8040 swing low confirms a lower low toward the 0.8000 psych level
US CPI Wed 12:30 GMT is the dominant catalyst and could reset this range read
21:03 UTC
Topping, rolling lower · RSI 43 · price 0.80795
Lower highs since 0.8207 top.
Price carved a top near 0.8207 and has been printing lower highs (0.8205 head, 0.8136 latest), with the neckline of a potential head-and-shoulders sitting around the 0.8039 swing low. Friday's -23K NFP miss dragged the pair back off the 0.8130 area and it now sits below both EMA20 and EMA50, having failed at the 0.8100 pivot. ATR near 54 pips keeps ranges lively into next week's US CPI.
Support: 0.8069, 0.8039, 0.8042
Resistance: 0.8100, 0.8136, 0.8205
What it said to watch
Acceptance above the 0.8100 pivot would neutralise the lower-high sequence and reopen 0.8136
A close below the 0.8039 swing low confirms the head-and-shoulders neckline break
US CPI Wed 12:30 GMT is the dominant catalyst and could reset this read