21:01 UTC
Recovery off lows, momentum fading · RSI 49 · price 0.78505
Broad range with higher lows since March.
USDCHF carved a cycle low near 0.7604 in late January and has ground higher through a rounded bottom, but the recovery stalled at the 0.8042 range top in late February. Price has since spent three months oscillating in a broad 0.7760–0.7960 range, with the latest leg rejecting from 0.7917 swing high and stabilising around the EMA20 near 0.7850. RSI hovers near the midline, reflecting the lack of directional conviction.
Support: 0.7808, 0.7760, 0.7604
Resistance: 0.7917, 0.7959, 0.8042
What it said to watch
- Daily close above 0.7917 swing high reopens the 0.8042 range top
- Loss of 0.7808 swing low exposes the 0.7760 prior pivot and risks a lower-low
- Fed and SNB speakers in Tokyo this week could disturb the range