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.
21:02 UTC
Uptrend, momentum stretched · RSI 74 · price 0.80988
Higher highs, breakout from multi-month base.
USDCHF spent February–May ranging between 0.7760 and 0.8010, then broke higher through mid-June to a fresh 7-month high at 0.81064, driven by hawkish-Fed repricing against an SNB pinned at 0% and willing to lean on franc strength. The run is now six sessions deep with price riding well above a rising EMA(50) and RSI pressed into overbought near 74. The 0.8038 breakout shelf and the 0.8000 round number mark the structure that has flipped from prior resistance to support.
Support: 0.8038, 0.8000
Resistance: 0.81064
What it said to watch
- Sustained acceptance above the 0.81064 7-month high signals trend continuation
- Loss of the 0.80000 round number would mark the first lower low since the breakout
- Thu 12:30 UTC US Core PCE is the marquee Fed input and could materially shift this read
21:02 UTC
Uptrend, momentum stretched · RSI 73 · price 0.80988
Higher highs into 7-month high.
USDCHF has trended higher for six straight sessions into 0.81064, a fresh 7-month high, driven by Fed-SNB policy divergence and a softer haven bid. Price is well clear of a rising EMA20/EMA50 stack but RSI near 73 flags an overbought daily read, leaving the run stretched into Thursday's US Core PCE. The 0.80380 breakout shelf marks the first reference on any mean-reversion.
Support: 0.8038, 0.7970
Resistance: 0.81064, 0.8150
What it said to watch
- Core PCE Thu 12:30 UTC is the marquee USD input and could materially shift this read
- Sustained D1 acceptance above the 0.81064 7mo high opens continuation
- Failure to hold the 0.80380 breakout shelf signals corrective pullback
- SNB intervention risk caps how far the franc can weaken