Multi-month uptrend off the February lows, price holding above EMA(50) on D1 with the rally peaking near the 0.8000 barrier in early June. Repeated weekly attempts at 0.8000 have rejected, and the last three sessions have eased back toward 0.7920 as the post-FOMC USD bid met stretched CHF longs. RSI has cooled to neutral after the early-June push.
Support: 0.7920, 0.7860
Resistance: 0.8000, 0.8013, 0.8042
What it said to watch
SNB rate decision Thu 07:30 UTC could materially shift this read
Daily close above the 0.8000 barrier opens the path back to 0.8042
Consolidation below 0.8000 after a multi-month advance.
Multi-month uptrend off February's 0.7667 low, with price holding above EMA(50) on D1 and tagging 0.8013 in early June. Two weekly attempts at the 0.8000 round number have rejected, and the pair has eased back into a 0.7920–0.8000 consolidation over the last several sessions. The pullback follows a USD repricing higher after the hawkish FOMC dot-plot lift, with CHF positioning flagged as stretched into Thursday's SNB hold.
Support: 0.7920, 0.7860
Resistance: 0.8000, 0.80127
What it said to watch
D1 close above 0.80127 prior high reopens the upside extension
Loss of 0.7920 support breaks the consolidation floor and exposes the EMA50
SNB rate decision Thu 07:30 UTC could materially shift this read