21:01 UTC
Downtrend, oversold bounce attempts capped · RSI 42 · price 0.77625
Lower highs from late-Jan, ranging 0.7760-0.7920 last 5 weeks.
Quarter-long downtrend from the early-Jan 0.8042 high, with price holding below EMA(50) since late January. Last five weeks have compressed into a 0.7760-0.7920 range, repeatedly rejected at the range high and now retesting the range low. RSI sits in the low-40s, no divergence yet on this leg down.
Support: 0.7760, 0.7604, 0.7629
Resistance: 0.7809, 0.7925, 0.8018
What it said to watch
- D1 close below 0.7760 opens the path back to the 0.7604 Jan swing low
- Reclaim of the EMA20 near 0.7809 would relieve range-low pressure
- Geopolitical headlines (Iran/US talks) remain a CHF risk factor