USD/CHF AI Live Scan, 1-hour chart, Thursday, 22 October 2026

Every read JAFX AI made on the USD/CHF 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

23:02 UTC

Downtrend after range break, rebound faded · RSI 42 · price 0.82001

Mon–Wed 0.8222–0.8270 range broken lower Thursday; lower high at 0.8243.

USDCHF held a 0.8222–0.8270 range from Monday's open through Wednesday. Thursday's Asia-into-London slide broke the floor and printed a week low at 0.8192 as CHF took the haven bid. The rebound into the NY open, helped by the firm jobless-claims print, stalled at a 0.8243 lower high, just above the 61.8% retracement of the week's high-to-low move and back near the weekly open, then faded through NY hours to the 0.8200 psych level. Price sits below EMA(20) at 0.8212 and under the lower-highs line, with RSI(14) near 42 after recovering from oversold at the low.

Support: 0.8200, 0.81915

Resistance: 0.8212, 0.82433, 0.82704

What it said to watch

  • H1 close below the 0.8192 week low confirms a lower-low extension of the range break
  • Reclaim of EMA(20) at 0.8212 and the lower-highs line would point to a second retest of 0.8243
  • A close above the 0.8243 lower high negates the breakdown read and puts the 0.8270 week high back in view
  • US S&P Global PMIs Fri 13:45 UTC and UoM sentiment/inflation expectations at 14:00 UTC could materially shift this read

22:02 UTC

Downtrend after range break, rebound faded · RSI 34 · price 0.82036

Mon–Wed range 0.8222–0.8270 broken lower Thursday; lower highs since Wednesday.

USDCHF held a 0.8222–0.8270 range from Monday's open through Wednesday. It broke lower in Thursday's Asian session to a 0.8192 week low as CHF took the haven bid. The firm 194K jobless-claims print drove a London-to-NY-open rebound to a 0.8243 rebound high, just above the 61.8% retracement of the week decline. That rally was rejected under the lower highs line, and price faded back to the 0.8200 round number through NY hours. Price sits below both EMA(20) and EMA(50), with RSI(14) near 34 and not yet oversold.

Support: 0.8200, 0.81915

Resistance: 0.8222, 0.82433, 0.82704

What it said to watch

  • An H1 close back above the 0.8222 range floor undoes the breakdown read and puts the 0.8243 rebound high back in play
  • Failure to hold the 0.8200 round number exposes the 0.8192 week low; a break there confirms a lower low
  • A push through the 0.8243 rebound high and the lower highs line reopens the 0.8270 week high
  • Fri 13:45 UTC S&P PMIs and 14:00 UTC UoM sentiment/inflation expectations could materially shift this read

20:02 UTC

Downtrend, lower highs since Monday · RSI 45 · price 0.8207

Range break below 0.8222, retest rejected under week open.

After three sessions boxed between the 0.8222 Tue low and the 0.8270 week high, USDCHF broke lower in Thursday's Asia session and printed a 0.8192 week low into London open as haven CHF demand built on Middle East escalation and the global bond selloff. The rebound through London into NY open stalled at a 0.8243 rebound high, just above the 0.8239 week open, extending the lower-highs sequence before fading through NY hours. Price now sits below EMA(20) and EMA(50) and is testing the 0.8203 NY low, which coincides with the 78.6% retracement of that rebound, with RSI(14) back near 45.

Support: 0.8203, 0.8192

Resistance: 0.8222, 0.8243, 0.8270

What it said to watch

  • H1 close back above the 0.8222 Tue low would undercut the range-break read
  • Failure to hold the 0.8192 week low confirms a lower low below the breakdown
  • A push through the lower-highs line near 0.8240 and the rebound high would break the sequence since Monday
  • Fri 13:45 UTC US flash PMIs and 14:00 UTC UoM inflation expectations could materially shift this read

19:02 UTC

Downtrend after Thursday range break, rebound faded · RSI 42 · price 0.8205

Mon–Wed range broken lower; lower highs since Monday, retest rejected.

After ranging 0.8222–0.8270 from Monday to Wednesday under a series of lower highs, USDCHF broke the range floor in Asia on Thursday and hit a week low at 0.8192 into London open, as the USD correction and haven CHF demand extended. London's rebound stalled at 0.8243, the rebound high near the 61.8% retracement of the week drop and just above the 0.8239 weekly open. NY hours then faded the move back to the 0.8204 NY low, with price below EMA(20) near 0.8222 and EMA(50), and RSI(14) back in the low 40s.

Support: 0.8204, 0.8192

Resistance: 0.8222, 0.8243, 0.8270

What it said to watch

  • Hourly closes back above the 0.8222 range floor, where EMA(20) also sits, would weaken the range-break read
  • Failure to hold the 0.8204 NY low exposes the 0.8192 week low; a break there extends the lower-low sequence
  • A push through the 0.8243 rebound high and the week-drop fib 61.8% would neutralise the descending lower-highs line and turn focus back to the 0.8270 week high
  • US flash PMIs Fri 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read

18:11 UTC

Downtrend, rebound rejected · RSI 39 · price 0.82123

Range break lower; lower high at 0.8243 after a failed retest.

From Monday through Wednesday the pair held a 0.8236–0.8270 range below the week high, with each high lower than the one before. That range broke Thursday from the Asia session into London open, reaching the 0.8192 week low as CHF drew haven demand in the global bond selloff and soft US housing data weighed on the USD. The rebound stalled at the 0.8243 retest high in the London-NY transition, about a 61.8–65% retracement of the week's drop and back at the old range floor. Price has since slid under ema20 (0.8225) to sit on the 0.8210 intraday low, with RSI(14) near 39.

Support: 0.8210, 0.8200, 0.8192

Resistance: 0.8225, 0.8243, 0.8270

What it said to watch

  • H1 close above the 0.8243 retest high breaks the lower-highs line and negates the rejection read
  • Failure to hold the 0.8210 intraday low exposes the 0.8200 round number and the 0.8192 week low
  • A break below the 0.8192 week low confirms a lower-low; the double-top target cited in the market context is 0.8116
  • Reclaiming ema20 at 0.8225, the double-top neckline zone, would put price back inside the broken range
  • Fri 13:45 UTC flash PMIs and 14:00 UTC UoM inflation expectations could materially shift this read

17:04 UTC

Downtrend, NY bounce faded · RSI 43 · price 0.82174

Mon–Wed range 0.8222–0.8270 broken lower; lower high at 0.8243 after the break.

USDCHF held a 0.8222–0.8270 range from Monday's open through Wednesday, with a double top at 0.8270 on Monday and Tuesday. Thursday's Asia-into-London selloff broke the 0.8222 neckline to a week low at 0.8192, as CHF drew haven demand from the global bond selloff and soft US housing data. The NY-session rebound after the 194K claims beat stalled at 0.8243, just above the 61.8% retracement and near the 0.8239 weekly open. Price has since slipped back below EMA(20) near 0.8226 and the neckline, with RSI(14) at 43.

Support: 0.8200, 0.81915

Resistance: 0.82223, 0.82433, 0.82704

What it said to watch

  • H1 close back above the 0.8222 neckline and EMA(20) would undercut the range break and reopen the old range
  • Acceptance above the 0.8243 NY high would negate the lower-high sequence after the break
  • Failure to hold the 0.8200 round number exposes the 0.8192 week low; a break there confirms a lower low
  • Friday's US flash PMIs (13:45 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read

16:03 UTC

Downside break reversed, rebound stalling · RSI 47 · price 0.82284

Back inside Mon–Wed range after washout low; lower highs intact.

The Monday–Wednesday 0.8222–0.8270 range broke lower in Thursday's Asia-to-London transition, with haven CHF demand and a softer dollar driving a week low at 0.8192 in the London morning. The claims beat then fuelled a rebound back above the 0.8222 Tuesday low into NY. That rebound stalled at the 0.8243 rebound high, just past the 61.8% fib of the week's decline and above the 0.8239 weekly open. Price now sits on EMA(20) but below EMA(50), with RSI(14) back near 47.

Support: 0.8222, 0.8192

Resistance: 0.8243, 0.8263, 0.8270

What it said to watch

  • H1 close back below the 0.8222 Tuesday low would revive the range break toward the 0.8192 week low
  • H1 close above the 0.8243 rebound high and the lower-highs trendline reopens the 0.8263 Wed high and 0.8270 week high
  • Fri flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read

15:04 UTC

Range, recovering from failed downside break · RSI 52 · price 0.82348

Lower highs inside 0.8222–0.8270, Thursday break below range reversed.

USD/CHF held a 0.8222–0.8270 range Monday to Wednesday with lower highs off the 0.8270 week high. It broke lower through Thursday's Asia session into London open to a 0.8192 week low, on haven CHF demand and a softer USD after Tuesday's housing misses. The break did not hold: price recovered through London and NY, helped by the 194K claims beat, and stalled at a 0.8243 rebound high near the 61.8% fib and just above the weekly open, now sitting above EMA(20) but below EMA(50) with RSI(14) back near 52.

Support: 0.8229, 0.8222, 0.8192

Resistance: 0.8239, 0.8243, 0.8270

What it said to watch

  • H1 close back below the 0.8222 tue low would undo the false-break read and reopen the 0.8192 week low
  • Acceptance above the 0.8243 rebound high and weekly open puts price back mid-range, with the lower-highs line near 0.8252 and the 0.8270 week high above
  • Pullbacks holding the ema20 near 0.8229 keep the post-low recovery structure intact; a break below it exposes the tue low
  • Friday's US PMIs (13:45 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read

14:02 UTC

Range with a failed downside break, recovering · RSI 50 · price 0.82411

0.8222–0.8270 weekly range; break below fully reclaimed.

From Monday's open near 0.8239, the pair has held a 0.8222–0.8270 range, with lower highs at the 0.8270 week high and the 0.8264 Wed high. Thursday's late-Asia and London-open leg lower broke the 0.8222 Tue low and printed a 0.8192 week low on CHF haven demand and a softer USD. That break was fully reclaimed through London and into the NY session after the claims beat, putting price back above the EMA(20) near 0.8229 and testing the day high at 0.8243, close to the 61.8% retrace of the week's decline, with RSI(14) back at ~50.

Support: 0.8229, 0.82223, 0.81915

Resistance: 0.82433, 0.82635, 0.82704

What it said to watch

  • H1 close back below the 0.8222 Tue low reinstates the break and reopens the 0.8192 week low
  • Rejection at the day high and 61.8% fib near 0.8241–0.8243 keeps the lower-highs sequence intact
  • Acceptance above the 0.8264 Wed high and the lower-highs line would put the 0.8270 week high in play
  • Pullbacks holding the EMA(20) near 0.8229 confirm the recovery off the false break
  • US S&P PMIs (Fri 13:45 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read

13:03 UTC

Downside break, sharp rebound underway · RSI 49 · price 0.8232

Mon-Wed range broken lower, now retesting the old floor.

From Monday to Wednesday the pair held a 0.8222–0.8270 range, printing lower highs from Monday's 0.8270 week high and Wednesday's 0.8263 high. CHF haven demand and a soft USD drove a break of the tuesday low in Thursday's Asia session, and the move extended to a 0.8192 week low near the London open. Firmer US claims (194K vs 200K) then fuelled a 45-pip rebound into the NY open. Price has retraced about 61.8% of the drop and is back above ema20 at 0.8227, though the weekly open at 0.8239, with EMA(50) just below, capped the bounce. RSI(14) has recovered to about 49.

Support: 0.8227, 0.8222, 0.8192

Resistance: 0.8239, 0.8263, 0.8270

What it said to watch

  • Hourly close back below the 0.8222 tuesday low turns the rebound into a retest that failed and reopens the 0.8192 week low
  • Acceptance above the 0.8239 weekly open and EMA(50) would mark the break as a false break and put the 0.8263 wed high back in focus
  • The 61.8% fib of Thursday's drop sits at 0.8233; rejection here keeps the lower highs sequence intact below the 0.8270 week high
  • Fri 13:45 UTC US Services/Manufacturing PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
  • Fed decision next week (pause expected) is the larger risk for the USD/yield driver

12:03 UTC

Downtrend after range break, rebounding · RSI 43 · price 0.82204

0.8222–0.8270 range broken lower; broken floor now being retested from below.

The Monday–Wednesday 0.8222–0.8270 range resolved lower from Asia into today's London open. The break of Tuesday's range floor completed a double top off the 0.8270 week high and printed a day low at 0.8192, extending a third session of USD softness on weak US housing data and lower yields. The London rebound has carried price back to 0.8220, a retest of the range floor from below where EMA(20) (~0.8225) and the 38.2% fib of the week's drop converge, with RSI(14) recovering to ~43 from a mid-20s trough.

Support: 0.8218, 0.8204, 0.8192

Resistance: 0.8223, 0.8236, 0.8270

What it said to watch

  • An H1 close back above the 0.8223 range floor and the 0.8236 wed low would recast the break as a false break.
  • Rejection at the range floor keeps the lower-highs sequence intact. Failure to hold the 0.8218 friday low and the 0.8204 pullback low re-exposes the 0.8192 day low.
  • US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read during the first hour of NY.
  • A recovery through the lower-highs trendline toward the 0.8270 week high would void the double top read.

11:02 UTC

Downtrend, oversold bounce off week low · RSI 36 · price 0.82104

Lower highs since Monday; Tue–Wed range floor at 0.8222 broken, price below the neckline.

After Monday's NY session high at 0.8270, the pair printed a series of lower highs, including 0.8263 on Tuesday/Wednesday, while the 0.8222 Tuesday low held as the range floor. Asia into London open today broke that neckline and completed a double top, with the move running to a week low of 0.8192. The drop tracks the digest's soft-US-data, DXY-at-3-week-low backdrop. Price is now bouncing to the 23.6% fib near 0.8210 with RSI(14) lifting from the low 30s, but it remains below both EMA(20) and EMA(50).

Support: 0.8200, 0.81915

Resistance: 0.82223, 0.82635

What it said to watch

  • H1 close back above the 0.8222 neckline, which also sits at the 38.2% fib, would recast the break as a false break
  • Rejection under the neckline would mark it as a retest of the broken range floor
  • Failure at the 0.8200 round number and a break of the 0.8192 week low extends the lower-low sequence
  • Lower-high trendline from Monday's peak caps the structure; a close above 0.8263 lower high negates the downtrend read
  • US Initial Jobless Claims at 12:30 UTC today could materially shift this read

10:02 UTC

Downtrend, lower low printed Thursday · RSI 28 · price 0.82054

Lower highs since Monday; range floor broken.

USDCHF has carved lower highs since Monday's 0.8270 week high. Thursday's selloff started in late Asia and extended into the London open, breaking the 0.8222 Tuesday low that had floored the range and printing a week low at 0.8192, in line with the yield-led USD slide after soft US housing data. Price is holding just above the 0.8200 round number with RSI(14) near 28, while the broken Tuesday low lines up with EMA(20) and the 38.2% level of the week's decline fib.

Support: 0.8200, 0.81915

Resistance: 0.82223, 0.82394, 0.82704

What it said to watch

  • H1 close back above the 0.8222 Tuesday low would turn the break into a false break and put price back inside the range
  • Failure to hold the 0.8200 round number and the 0.8192 week low extends the lower-low sequence
  • A move above the 0.8239 weekly open and the lower-highs trendline would neutralise this week's downtrend read
  • US Initial Jobless Claims at 12:30 UTC today (f/c 200K) could materially shift this read

09:02 UTC

Downtrend, range floor broken · RSI 26 · price 0.82014

Lower highs from Monday peak; range break lower.

Monday's NY-session week high at 0.8270 capped the pair, and Tuesday–Wednesday rotated in a 0.8222–0.8263 range beneath a line of lower highs. Asia broke the range floor at the Tuesday low, and London extended the drop to a 0.8192 session low as the dollar slid to a three-week low on softer US yields. Price sits well below EMA(20) with RSI(14) oversold near 26; the broken Tuesday low at 0.8222 lines up with the 38.2% retracement of the week fib.

Support: 0.8200, 0.81915

Resistance: 0.82223, 0.82394, 0.82704

What it said to watch

  • Failure to hold the 0.8200 round number and the 0.8192 session low leaves the 0.8116 area as the next marked level
  • H1 close back above the 0.8222 Tuesday low would turn the break into a false break
  • Recovery above the 0.8239 weekly open neutralises today's breakdown
  • US Initial Jobless Claims at 12:30 UTC today could materially shift this read
  • Oversold RSI(14) with twin lows at 0.8192 leaves room for a corrective bounce toward the lower highs line

08:02 UTC

Downtrend, fresh leg lower · RSI 29 · price 0.82065

Range break below 0.8222 after a week of lower highs.

USD/CHF held a 0.8222–0.8270 range from Monday through Wednesday. Highs stepped lower from Monday's 0.8270 week high to the 0.8259 Wed high. Today the pair slipped through the 0.8222 Tue low in late Asia and printed a 0.8192 week low into the London open, extending the softer-USD tone that followed Tuesday's housing misses. Price sits below EMA(20) and EMA(50) with RSI(14) near 29, and the long lower wick at the week low shows demand stepping in around the 0.8200 round number.

Support: 0.8200, 0.81915

Resistance: 0.82223, 0.82589, 0.82704

What it said to watch

  • Hourly close back above the 0.8222 Tue low, which also sits at the 38.2% fib of the week high-low drop, would mark the move as a false break
  • Failure to hold the 0.8192 week low extends the leg below the 0.8200 round number
  • Lower highs line near 0.8260, just above the 0.8259 Wed high, caps the structure; a push through the 0.8270 week high neutralises the breakdown
  • US Initial Jobless Claims at 12:30 UTC today could materially shift this read

07:02 UTC

Downtrend, lower highs since Monday · RSI 30 · price 0.82062

Lower highs from 0.8270; week's 0.8222 floor broken in Asia.

USD/CHF has printed lower highs since Monday's week high at 0.8270, with Tuesday's and Wednesday's rebounds fading below the descending lower-highs line as soft US housing data and sliding yields weighed on the dollar. Today's Asia session broke the 0.8222 Tuesday low that had floored the week's 0.8222–0.8260 range, and price is now sitting near the 0.8205 session low. It trades below EMA20 at 0.8232 with RSI(14) at about 29.5, which is oversold.

Support: 0.82047, 0.8200

Resistance: 0.82223, 0.8232, 0.82704

What it said to watch

  • An H1 close back above the 0.8222 Tue low would turn today's break into a false break
  • Psych 0.8200 is the next reference below the 0.8205 session low
  • A recovery above ema20 at 0.8232 would ease the downside momentum read
  • US Initial Jobless Claims at 12:30 UTC today, then Friday's flash PMIs, could materially shift this read
  • A move through the lower-highs line toward the 0.8270 week high would neutralise the downtrend structure

05:03 UTC

Downtrend, lower highs since Monday · RSI 35 · price 0.82292

Lower highs from 0.8270 pressing a flat base near 0.8220.

Since Monday's NY-session week high at 0.8270, USDCHF has printed a sequence of lower highs: 0.8263 in Wednesday's Asia session, then a 0.8257 lower high into NY. Price now sits below EMA(20) near 0.8241 and EMA(50), with RSI(14) near 35. Today's Asia session swept Tuesday's 0.8222 low to a new week low of 0.8219, just above Friday's 0.8218 base, in line with the softer USD tone after Tuesday's housing misses and falling yields.

Support: 0.8219, 0.8200

Resistance: 0.8241, 0.8257, 0.8270

What it said to watch

  • H1 close below the 0.8219 week low clears Friday's base and exposes the 0.8200 round number
  • Recovery above EMA(20) at 0.8241 and the 0.8257 lower high would neutralise the lower-highs read
  • A close above the 0.8270 week high breaks the lower-highs trendline sequence entirely
  • US Initial Jobless Claims Thu 12:30 UTC and Friday's flash PMIs could shift USD tone around this base

04:02 UTC

Downtrend, lower highs since Monday · RSI 36 · price 0.82284

Double top at week high, testing Tuesday low neckline.

Monday's 0.8270 week high and Tuesday's matching test form a double top, and every rally since has printed a lower high beneath the trendline. The Asia session today extended the slide through the 0.8239 week open to a 0.8219 week low as soft US growth data and falling yields kept USD heavy, though H1 closes are holding above the 0.8222 Tuesday low neckline. Price sits below EMA(20) near 0.8240 and EMA(50), with RSI(14) near 36 and not yet oversold.

Support: 0.82223, 0.82188, 0.8200

Resistance: 0.82394, 0.82574, 0.82704

What it said to watch

  • An H1 close below the 0.8222 Tuesday low confirms the double top and exposes the 0.8200 round number
  • A recovery above the 0.8239 week open and EMA(20) would ease pressure. The 50% retrace of the week decline sits at 0.8245 and the 0.8257 lower high sits above it
  • A close above the 0.8270 week high invalidates the double top and the lower-highs trendline
  • US initial jobless claims at 12:30 UTC could materially shift this read

03:02 UTC

Range-bound, drifting lower within the band · RSI 42 · price 0.8231

0.8218–0.8270 range with lower highs since Monday's peak.

USDCHF has held a 0.8218–0.8270 range since Friday. Monday's grind to the 0.8270 week high gave way to a series of lower highs on Tuesday and Wednesday as USD softened on the housing misses and pared October Fed-hike bets. In Thursday's Asian session price slipped below the 0.8239 weekly open and the EMA(20) near 0.8244, with RSI(14) near 41, putting the Tuesday low at 0.8222 and the prior-week low at 0.8218 back in focus.

Support: 0.8222, 0.8218, 0.8200

Resistance: 0.8239, 0.8244, 0.8270

What it said to watch

  • An H1 close below the 0.8218 prior-week low breaks the range floor and exposes the 0.8200 round number
  • A recovery back above the weekly open and ema20 at 0.8239–0.8244 would neutralise the latest dip
  • A break of the lower-highs line near 0.8255 is needed to reopen a test of the 0.8270 week high
  • US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) in the NY session could materially shift this read

02:02 UTC

Sideways, range compressing · RSI 49 · price 0.82438

Lower highs against higher lows inside the 0.8222–0.8270 week range.

USD/CHF has rotated inside a 0.8222–0.8270 band since Monday's open. Monday's NY rally to the week high reversed into Tuesday's London drop to the 0.8222 week low as weak housing data trimmed Fed-hike bets, and Wednesday's Asia bounce on firmer oil stalled at the 0.8263 Wed high. Highs have stepped lower while lows have lifted toward the weekly open at 0.8239, pinning price near the 50% retrace of the Monday–Tuesday drop and just under EMA(20) at 0.8246, with RSI(14) flat near 48 and ATR(14) contracting to about 8 pips in the Asian range.

Support: 0.82394, 0.82223, 0.8218

Resistance: 0.82455, 0.82635, 0.82704

What it said to watch

  • H1 close below the weekly open at 0.8239 and the higher-low line exposes the week low at 0.8222
  • A break of the 0.8222 week low puts Friday's prior wk low at 0.8218 and 0.8200 in focus
  • Holding above EMA(20) at 0.8246 and closing through the lower-high line and Wed high at 0.8263 reopens the week high at 0.8270
  • US Initial Jobless Claims at 12:30 UTC today could resolve the compression; flash PMIs Fri 13:45 UTC are the next USD risk

01:02 UTC

Sideways, range compressing · RSI 48 · price 0.82441

Lower highs and higher lows inside the 0.8222–0.8270 week range.

USD/CHF has held a 0.8222–0.8270 band all week. Monday's week high capped the topside, and Tuesday's dip into NY hours on the soft US housing data set the week low at 0.8222. Since then the pair has printed lower highs (0.8264, then the 0.8259 lower high in Wednesday's NY session) and higher lows (0.8236 Wed low, 0.8238 Thu), squeezing price back to the weekly open at 0.8239, just under EMA(20) and between the 38.2% and 50% levels of the week range fib. RSI(14) near 48 and ATR around 8–9 pips reflect the coil, in line with the digest's two-way, low-conviction read on the franc.

Support: 0.82394, 0.82357, 0.82223

Resistance: 0.82455, 0.82589, 0.82704

What it said to watch

  • H1 close below the weekly open and the 0.8236 wed low breaks the higher lows sequence and re-exposes the 0.8222 week low
  • Break of the 0.8222 week low lines up with the 0.8225 support flagged in the CHF digest; that would leave 0.8200 as the next reference
  • H1 close above the 0.8259 lower high breaks the lower highs line and opens a retest of the 0.8270 week high
  • Holding above EMA(20) at ~0.8246 would mark the first reclaim of the 50% retracement of the week range fib since Wednesday
  • US Initial Jobless Claims at 12:30 UTC today and Friday's flash PMIs could break this compression

00:02 UTC

Sideways, contracting below EMA(20) and EMA(50) · RSI 47 · price 0.82421

Lower highs from 0.8270 vs higher lows from 0.8222 since Tuesday; tightening range.

USDCHF has compressed inside the 0.8222–0.8270 range all week. A falling trendline runs from Monday's 0.8270 week high, and a rising trendline runs from Tuesday's 0.8222 week low. The Tuesday and Wednesday dips both held into the NY session as soft US housing data trimmed October Fed hike bets without breaking the floor. Price sits just under EMA(20) near 0.8245 and EMA(50), and RSI(14) is flat around 46, with the 0.8259 lower high capping the latest bounce.

Support: 0.8236, 0.8222, 0.8218

Resistance: 0.8245, 0.8259, 0.8270

What it said to watch

  • H1 close below the 0.8236 wed low and the rising trendline breaks the higher-low sequence and exposes the 0.8222 week low
  • Failure to hold 0.8222 and the 0.8218 friday low would extend Friday's decline below the week's range
  • Close above the falling trendline and the 0.8259 lower high ends the contraction and puts the 0.8270 week high back in focus
  • US jobless claims (Thu 12:30 UTC) and flash PMIs (Fri 13:45 UTC) could break the contraction either way

All markets that day · Today’s USD/CHF Live Scan in the terminal