21:03 UTC
Uptrend, higher lows since late August · RSI 67 · price 0.82477
Breakout above July high, retest held; HL chain intact.
The higher-low chain from the Aug 20 swing at 0.7950 carried price through the July high at 0.8207 in mid-September to a yearly high at 0.8264, with price above a rising EMA(50). The pullback found demand at the 0.8183 swing low, and the pair rebounded to the 0.8250 area as a dovish SNB hold at 0% and a run of US data beats widened the rate gap. RSI in the high 60s is stretched but not yet overbought on this timeframe.
Support: 0.8207, 0.8183, 0.8144
Resistance: 0.8264, 0.8300
What it said to watch
- Daily acceptance above the 0.8264 yearly high opens the path to the 0.8300 round number
- A close back below the 0.8183 swing low and the rising trendline breaks the higher-low sequence
- A slide through the July high toward the 38.2% fib at 0.8144 would signal a deeper retracement of the August–September leg
- Fri US durables, UoM inflation expectations and Fed speakers, then Swiss CPI on Oct 1, could materially shift this read
- A risk-off or oil-driven haven bid for CHF is the main counterforce to the rate-differential move