USDCHF is in a clean multi-month uptrend, holding above a rising EMA(50) since early May, with a six-session thrust this week tagging the 11-month high at 0.8140 on Fed-SNB policy divergence and a hawkish-Fed repricing. The advance from the 0.7760 May base has printed a consistent chain of higher highs and higher lows, but D1 RSI near 72 flags the move as stretched after the near-2% run. Price is pausing just under 0.8140 with 0.8088 the first downside pivot.
Support: 0.8088, 0.8000
Resistance: 0.8140, 0.8200
What it said to watch
Daily close above 0.8140 exposes 0.8170/0.8200
Failure to hold 0.8088 pivot signals a deeper pullback from overbought
Swiss CPI Jul 2 and US UoM/Fed-speak Friday could shift this read
21:02 UTC
Uptrend, extended · RSI 75 · price 0.81264
Higher highs, six-session rally.
USDCHF is in a clear D1 uptrend, printing fresh 11-month highs at 0.81394 after a six-session rally fuelled by hawkish-Fed repricing and SNB intervention warnings. Price holds well above a rising EMA(50), which has supported every dip since the late-April base near 0.7760. RSI above 70 flags a genuinely overbought condition into month-end.
Support: 0.8085, 0.8009
Resistance: 0.81394, 0.8200
What it said to watch
Daily close above 0.81394 11mo high opens the path to 0.8200
Failure to hold the 0.8009 pivot zone would mark the first lower-low of the leg
Fri UoM inflation expectations and Fed-speak could shift the USD bid driving this leg