21:03 UTC
Uptrend, momentum stalling · RSI 48 · price 0.80795
Pullback below yearly high after failed 0.82 push.
USDCHF has climbed off the mid-April low near 0.7760 in a steady sequence of higher lows, tagging a yearly high at 0.8207 in late July before rejecting. The last two weeks have been a pullback/consolidation between roughly 0.8040 and 0.8130, with Friday's -23K NFP miss driving USD-led softness that pulled the pair back to 0.8080. Price sits below EMA20 but still above the rising 50-day area, keeping the broader uptrend intact for now.
Support: 0.8042, 0.8000
Resistance: 0.8100, 0.8150, 0.8207
What it said to watch
- Daily close below the 50d sma ~0.8042 keeps the head-and-shoulders risk alive
- Acceptance above the 0.8100 pivot reopens 0.8150 and the 0.8207 yearly high
- US CPI Wed Aug 12 is the dominant catalyst — could materially shift this read