USDCHF is grinding higher, holding above EMA(50) since the April pullback and now pressing the 0.8000 psychological cap that defines its two-month highs. The advance has been powered by a firm dollar after the big NFP beat and sticky CPI, against an SNB pinned at 0% that leaves the franc rate-disadvantaged. Price stalled just shy of the late-February 0.8042 high, a level that has so far capped the move.
Support: 0.7965, 0.7903, 0.78679
Resistance: 0.8000, 0.8042, 0.8075
What it said to watch
Sustained D1 close above 0.8000 opens the path toward 0.8042 then 0.8075
US PPI Thu 12:30 UTC could materially shift the USD leg of this read
Loss of 0.7965 threatens the rising support off the May low
22:39 UTC
Uptrend, pressing range cap · RSI 67 · price 0.79995
Higher lows since Feb, testing 0.8000.
USDCHF has climbed in a multi-week chain of higher lows since the early-February base at 0.7629, with price holding above a rising EMA(50) on D1. The franc stayed structurally soft after a soft Swiss CPI miss and a firm USD post-NFP, lifting price to two-month highs and into the 0.8000 psychological cap this week. The last sessions are stalling just below 0.8000 — an area to watch for rejection or break, with the late-Feb 0.8042 high stacked above.
Support: 0.7965, 0.7903
Resistance: 0.8000, 0.8042, 0.8075
What it said to watch
D1 close above 0.8000 opens the path to 0.8042 then 0.8075
Failure to hold 0.7965 turns focus back to the 200-day near 0.7903
US PPI Thu 12:30 UTC could materially shift USD direction into FOMC Jun-17
21:03 UTC
Uptrend, pressing range top · RSI 66 · price 0.80007
Higher lows since Feb, testing 0.8000 cap.
Multi-month grind higher off the early-February 0.7629 low, with price holding above a rising EMA(50) on D1 and now closing at two-month highs into the 0.8000 psychological cap. The latest weekly cycle pushed USD broadly firmer after the 172K NFP beat and in-line US CPI, while soft Swiss May CPI keeps the franc disadvantaged on rates. Price is engaging the 0.8000 round number for the first time in two months — area to watch for rejection or a sustained break.
Support: 0.7965, 0.7903
Resistance: 0.8000, 0.8042, 0.8075
What it said to watch
Daily close above 0.8000 opens the path to 0.8042 then 0.8075
Failure to hold 0.7965 swing low risks a pullback toward the 0.7903 200-day
PPI Thu Jun 11 could materially shift the USD read into next week
Higher highs and higher lows since Feb, testing 0.8000.
Multi-month uptrend, price holding above EMA(50) on D1 since the early-Feb low near 0.7629 and grinding to two-month highs, with USD broadly firm after the big NFP beat and sticky CPI. The last weekly leg closed right on the 0.8000 psychological cap, where the late-Feb prior high at 0.8043 sits just overhead. Structure remains a chain of higher lows off the May 0.7762 base.
Support: 0.7965, 0.7903, 0.7862
Resistance: 0.8000, 0.8043, 0.8075
What it said to watch
D1 close above 0.8000 psych opens 0.8043 prior high then 0.8075
Failure to hold 0.7965 swing low signals momentum stalling toward the 200-day at 0.7903
US PPI Thu and FOMC Jun 17 could materially shift this read
Middle East escalation reigniting CHF haven demand would cap the move