USDCHF has trended higher since the late-April low near 0.7761, tagging a YTD high at 0.8149 in early July before stalling. The last two weeks are a consolidation between roughly 0.8042 and 0.8100, with price holding above a rising EMA(50) — the swing-trend filter still points up. Softer US CPI capped the pair off its highs while Gulf energy and safe-haven flows keep dips near the 0.8042 mar-31 support defended.
Support: 0.8042, 0.8000
Resistance: 0.8100, 0.8149, 0.8171
What it said to watch
Daily close above 0.8100 pivot reopens the 0.8149 ytd high then 0.8171
Failure to hold 0.8042 mar-31 sup opens the 0.8000 psych floor
S&P Global PMIs Fri Jul 24 could shift the USD leg of this read
Higher lows off April base, consolidating below June high.
Recovery uptrend from the April low near 0.7760 to the June YTD high at 0.8149, with price holding above EMA(50) on D1. The pair has churned two-way over the last few weeks, rejecting near 0.8149 twice and consolidating between 0.8042 and 0.8100. Softer US CPI capped the advance while safe-haven CHF and SNB intervention risk keep this a two-sided read rather than a clean trend.
Support: 0.8042, 0.8000
Resistance: 0.8100, 0.8149
What it said to watch
D1 close above 0.8100 pivot reopens the 0.8149 ytd high
Failure to hold 0.8042 prior high exposes the 0.8000 psych floor
S&P Global PMIs Fri could materially shift the USD leg of this read