Every read JAFX AI made on the USD/CHF daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
10:59 UTC
Uptrend, momentum slowing near 0.8000 · RSI 57 · price 0.79699
Higher highs/higher lows since Feb low.
Multi-month uptrend intact, price holding above EMA(50) on D1 since the early-February base at 0.7629 and accelerating after clearing the 200-day pivot near 0.7903. The advance ground up toward the 0.8000 psych barrier this week, where two attempts (0.80127, 0.80424) capped and price pulled back to 0.7970 — soft Swiss CPI and a firmer USD on sticky inflation underpin the broader CHF-soft regime. Momentum is cooling but structure stays constructive while 0.7945 and the 0.7903 trend pivot hold.
Support: 0.7945, 0.7913
Resistance: 0.8000, 0.8013, 0.80424
What it said to watch
- Sustained D1 close above 0.8000 exposes the 0.80424 prior high
- Loss of 0.7903 (200sma) would break the uptrend pivot
- SNB rate decision Jun 18 07:30 UTC and FOMC Jun 17 could materially shift this read
10:59 UTC
Uptrend, momentum slowing near 0.80 · RSI 58 · price 0.79699
Higher highs/lows, consolidating under psych barrier.
USDCHF has trended up since the early-Feb low near 0.7657, clearing the 200-day pivot around 0.7903 and confirming an inverse H&S; price sits above a rising EMon(50) on D1. The last two weeks have stalled under the 0.8000 psychological barrier with the high capped at 0.80127, as a soft Swiss inflation backdrop keeps CHF heavy. Momentum is firm but no longer accelerating, with RSI mid-range rather than overbought.
Support: 0.7945, 0.7903, 0.7862
Resistance: 0.8000, 0.80127, 0.80424
What it said to watch
- D1 close above 0.80127 opens the path toward 0.80424
- Failure to hold 0.7903 200d pivot would question the uptrend
- SNB decision Jun 18 07:30 UTC could materially shift this read