Higher lows from 0.8191 double bottom; Tuesday compressing into tight range below week high.
USDCHF has built higher lows since the 0.8191 double bottom set in Thursday's London session and retested in Friday's Asia session. Monday's London-to-NY leg did most of the work as USD firmed into FOMC on hawkish-hold bets. Tuesday compressed into a 0.8280–0.8294 band beneath the 0.8300 round number. Price holds above EMA(20) and EMA(50), but RSI(14) has flattened in the mid-50s and price has slipped under the rising trendline from Thursday's low.
Support: 0.8280, 0.82613, 0.8255
Resistance: 0.82943, 0.8300
What it said to watch
H1 close above the 0.8294 week high and the 0.8300 round number extends the higher-high sequence
Loss of the 0.8280 range floor puts the 0.8261 tuesday low and the fib 38.2 of the week rally near 0.8255 in focus
Fed decision Wed 18:00 UTC (presser 18:30) could materially shift this read; core PCE Thu 12:30 UTC follows
Higher lows since Friday's double bottom; tight 0.8280–0.8294 range through Tuesday.
USDCHF has climbed roughly 100 pips off the 0.8192 double bottom set across Thursday's London session and Friday's Asian range. Monday's London-NY rally cleared the Friday high at 0.8255 and held above the weekly open at 0.8234, with the dollar firm on solid US data and pre-Fed positioning. Tuesday stalled into a narrow 0.8280–0.8294 band. The week high has capped repeated tests through London and NY, and price is holding just above a flattening EMA(20) with RSI(14) easing to the high 50s.
Support: 0.8280, 0.8255, 0.8234
Resistance: 0.8294, 0.8300
What it said to watch
FOMC decision Wed 18:00 UTC and Powell at 18:30 UTC could materially shift this read; December-hike guidance is the swing factor around 0.8300
H1 close above the 0.8294 week high and the 0.8300 round number breaks Tuesday's consolidation
Failure to hold the 0.8280 range floor exposes the Fri high at 0.8255, near the 38.2% retracement of the Fri-Tue impulse
A drop below the weekly open at 0.8234 would put the rising support from Friday's low under pressure
US Core PCE Thu 12:30 UTC is follow-through risk after the Fed
Higher lows since Friday's double bottom; tight 0.8276–0.8294 consolidation through Tuesday.
USDCHF has climbed steadily since the 0.8191 double bottom of Thursday and Friday. Monday's leg ran from London open into NY, and Tuesday's resilient US data (Durable Goods beat, firmer confidence) extended it to a new week high at 0.8294 in late NY. Tuesday's NY spikes were capped at 0.8292–0.8294, and price has compressed above the EMA(20) near 0.8283 with RSI(14) cooling to about 60. The round number at 0.8300 sits just overhead, while the pullback low at 0.8276 and the Tuesday low at 0.8261 (near the 50% of the week's leg) mark the structure below.
Support: 0.8283, 0.82757, 0.82613
Resistance: 0.82943, 0.8300
What it said to watch
FOMC decision Wed 18:00 UTC and presser 18:30 UTC could materially shift this read; December-hike guidance is the swing factor
H1 acceptance above the 0.8300 round number would extend the uptrend structure beyond the week high
Loss of the ema20 and the 0.8276 pullback low would turn the consolidation into a deeper retracement
A break of the 0.8261 Tuesday low (50% of the week's leg) would undercut this week's higher-lows sequence
The rising lows trendline from Friday's double-bottom low marks the broader up-structure; a close below it would end the uptrend read
Higher lows from 0.8192 double bottom, stalling below week high.
USD/CHF has stepped up from the 0.8192 double bottom set Thursday and Friday. London-led rallies on Monday and Tuesday printed higher lows at the 0.8229 Monday low and the 0.8261 Tuesday low as the dollar held firm on hawkish-hold positioning into FOMC. Tuesday's NY session stalled at the 0.8293 week high, just under the 0.8300 round number, and repeated NY lows near 0.8280 have held. Price is moving sideways just above EMA(20) at ~0.8283 and has slipped off the higher-lows line, with RSI(14) easing to the high-50s.
Support: 0.8280, 0.82613, 0.82287
Resistance: 0.82926, 0.8300
What it said to watch
FOMC decision Wed 18:00 UTC (21:00 broker) could materially shift this read; December-hike guidance is the swing factor around 0.8300
H1 close above the 0.8293 week high and 0.8300 round number extends the higher-high sequence
Failure to hold the 0.8280 ny lows and EMA(20) exposes the 0.8261 Tuesday low
Break below the 0.8229 Monday low, near the 61.8% fib, negates the higher-lows structure from the double bottom
Core PCE Thu 12:30 UTC follows as a second event risk
Higher lows since the 0.8191 double bottom, now a tight range under the week high.
Demand held at the 0.8191 double bottom in Thursday's London session and again in Friday's Asian session. The pair has since built higher lows from the 0.8234 weekly open, with most of the climb coming across Monday's London and NY sessions as pre-FOMC USD firmness and today's durable goods beat lifted the dollar. Tuesday printed a week high at 0.8293 but has compressed into a 0.8280–0.8293 range just under the 0.8300 round number, with RSI(14) near 58 and hourly ranges narrowing to roughly 7–8 pips.
Support: 0.8280, 0.8261, 0.8234
Resistance: 0.8293, 0.8300
What it said to watch
H1 close above the 0.8300 round number breaks the week-high cap and extends the uptrend read
Loss of the 0.8280 range floor and Tuesday's higher lows line exposes the 0.8261 tuesday low and the 38.2% rally fib near 0.8254
A slide back toward the 0.8234 weekly open and the 50% rally fib near 0.8242 would retrace half the week's gain
FOMC decision Wed 18:00 UTC, press conference 18:30 UTC; a neutral hold could unwind the pre-Fed bounce, a hawkish hold tests 0.8300
18:03 UTC
Uptrend, momentum stalling at week high · RSI 60 · price 0.82872
Higher lows off Thursday's double bottom; flat cap at 0.8293 on Tuesday.
USD/CHF has recovered about 100 pips from the 0.8192 one-month low, a double bottom formed across Thursday and Friday. Monday's London and NY sessions drove most of the advance as the dollar firmed into the Fed. Tuesday's mixed US data (durables beat, ex-transport miss) brought three rejections at the 0.8293 week high, and price has slipped under the rising trendline from Monday's Asia low into a tight 0.8280–0.8293 consolidation. Pullbacks are still finding the ema20 near 0.8282 with RSI(14) holding around 60; below that sit the 0.8277 prior high and the 0.8252 swing low, which lines up with the 38.2% fib of the Thursday–Tuesday rally.
Support: 0.8282, 0.8277, 0.8252
Resistance: 0.8293, 0.8300
What it said to watch
H1 close above the 0.8293 week high clears Tuesday's triple cap and opens the path to the 0.8300 round number
Failure to hold the ema20 near 0.8282 and the 0.8277 prior high would put the 0.8252 swing low and 38.2% fib of the rally in play
FOMC decision Wed 18:00 UTC; December guidance could materially shift this read
Higher lows since Thursday's double bottom, flat cap at 0.8292-0.8293.
USD/CHF has printed a run of higher lows since Thursday's double bottom at 0.8191. It reclaimed the weekly open at 0.8234 on Monday, then cleared Monday's high at 0.8279 in Tuesday's London session as firm US data (durables 1.8% vs 0.6%, CB confidence 91.7) extended the pre-FOMC dollar bid. NY hours have stalled under the 0.8293 week high after four capped tests, with price holding just above EMA(20) near 0.8283, RSI(14) around 63 and the higher-lows trendline from Tuesday's low at 0.8261 still intact.
Support: 0.8283, 0.82787, 0.82341
Resistance: 0.82926, 0.8300
What it said to watch
An H1 close above the 0.8293 week high ends the cap and exposes the 0.8300 round number
Loss of EMA(20) and the higher-lows trendline puts Monday's high at 0.8279 in focus as support
A break below 0.8279 opens Tuesday's low at 0.8261, with the weekly open at 0.8234 sitting near the 61.8% fib
FOMC Wed 18:00 UTC: December-hike guidance vs a non-committal Powell could materially shift this read
Higher highs and higher lows from 0.8192 double bottom.
USD/CHF has stair-stepped higher since the Thursday–Friday double bottom near 0.8192. It cleared the friday high at 0.8256 during Monday's London session and pushed to a day high of 0.8293 in NY hours today, as firm US data (Durable Goods and Dallas Fed beats) extended the pre-FOMC USD bid. Pullbacks today have held a higher low around 0.8280 with price above both EMAs and RSI(14) near 61, short of overbought, while the 0.8293–0.8300 round number zone has capped several NY-session pushes.
Support: 0.8280, 0.8256, 0.8234
Resistance: 0.8293, 0.8300
What it said to watch
H1 close above the 0.8300 round number extends the higher-high sequence through today's day high
Failure to hold the 0.8280 higher low exposes the friday high at 0.8256, near the 38.2% rally fib
A break back below the week open at 0.8234 would undo the double bottom and the higher lows trendline read
FOMC decision Wed 18:00 UTC: December-hike guidance vs a dovish tilt could materially shift this read
USD/CHF has printed higher lows since Friday's Asia-session base near 0.8192. Monday's London and NY sessions drove most of the climb from the 0.8234 weekly open as USD firmed into the Fed, and Tuesday's London push stalled at the 0.8293 week high, just shy of the 0.8300 round number. NY hours brought a rejection back to EMA(20) despite firm US data (Durable Goods 1.8% vs 0.6%), with RSI(14) cooling to the mid-50s; price has slipped under the rising trendline but still holds the 0.8273 higher low.
Support: 0.82726, 0.8254, 0.82341
Resistance: 0.82926, 0.8300
What it said to watch
H1 close above the 0.8293 week high and the 0.8300 round number would resume the higher-high sequence
Failure to hold the 0.8273 higher low would expose the fib 38.2 near 0.8254
Loss of the 0.8234 weekly open would erase the week's advance
Fed decision Wed 18:00 UTC and Powell's presser at 18:30 UTC could materially shift this read
Higher highs and higher lows off a double bottom near 0.8192; now pressing 0.8290.
Thursday's London low at 0.8192 and Friday's Asia retest at 0.8192 formed a double bottom. Price has since stepped up through the prior close at 0.8251 and has held above the weekly open at 0.8234 since Monday. The main leg came during Monday's NY session on a broad USD bid, and Tuesday has extended above the Monday high at 0.8279 after the firm durables and house-price beats. Price is now at a session high of 0.8293, right at the widely flagged 0.8290 cap. RSI(14) sits near 66 and is not yet overbought, and pullbacks are holding the higher-low trendline and EMA(20).
Support: 0.8279, 0.8251, 0.8234
Resistance: 0.8293, 0.8300, 0.8320
What it said to watch
Fed decision Wed 18:00 UTC and Powell's December guidance could materially shift this read; a balanced tone leaves room for an unwind toward 0.8230
H1 close back below the Monday high at 0.8279 and the higher-low trendline would mark the first break in this week's structure
Sustained trade above the 0.8300 round number would open the uob target at 0.8320 cited in the digest
Consumer Confidence and New Home Sales at 14:00 UTC today are the last pre-Fed data check
Loss of the prior close at 0.8251 would bring the 38.2% fib zone of the Thursday-to-Tuesday rally into play
Higher highs and higher lows since the 0.8192 double bottom; grinding beneath 0.8290–0.8300.
USD/CHF has printed higher highs and higher lows since the 0.8192 double bottom carved out Thursday and early Friday. Monday's London-to-NY leg cleared Friday's 0.8256 high as the dollar rebuilt its hawkish-hold premium into FOMC, and Tuesday's London push tagged a 0.8292 week high, just shy of the 0.8290–0.8300 area. Price holds above EMA(20) with RSI(14) near 62, firm but not stretched, and the mixed durable goods print produced only a brief dip to 0.8280 before demand returned.
Support: 0.8281, 0.8273, 0.8229
Resistance: 0.8292, 0.8300
What it said to watch
H1 close above the 0.8292 week high and the 0.8300 round number extends the higher-high sequence
Loss of EMA(20) and the 0.8273 Asian low exposes the 38.2% fib near 0.8253 and the rising trendline
Break below the 0.8229 weekly low unwinds Monday's advance and undercuts the double bottom recovery
Consumer Confidence at 14:00 UTC today and Wednesday's FOMC decision at 18:00 UTC could materially shift this read
12:03 UTC
Uptrend, pressing range top · RSI 66 · price 0.82873
Higher lows since Thursday's 0.8192 double bottom.
The rebound from the 0.8192 double bottom set Thursday and Friday has built a steady run of higher lows, as USD firmed on December Fed hike bets. Monday and Tuesday also cleared the Friday high near 0.8256. London pushed Tuesday to a week high at 0.8292, just under the 0.8300 range top. Price holds above EMA(20) and the rising higher-lows line, with RSI(14) in the mid-60s and not yet overbought, while the Tuesday Asian low at 0.8273 underpins the advance.
Support: 0.82726, 0.82613, 0.82341
Resistance: 0.82916, 0.8300
What it said to watch
H1 close above the 0.8300 range top would extend the rebound beyond this month's range
Close below the higher-lows line near 0.8283 and the 0.8273 Asian low would signal momentum fading
Loss of the 0.8261 day low exposes the 0.8234 week open and the 38.2% rebound fib near 0.8253
US Durable Goods (12:30 UTC) and Consumer Confidence (14:00 UTC) today
Fed decision Wed 28 Oct 18:00 UTC: any softening on a December hike could materially shift this read
11:02 UTC
Uptrend, pressing range top · RSI 64 · price 0.82846
Higher lows since 0.8192 double bottom; week high 0.8292 at range ceiling.
USD/CHF has printed higher lows since the 0.8192 double bottom set across Thursday and Friday. Monday's London and NY sessions lifted price from the 0.8234 weekly open through the 0.8255 Friday high, and Tuesday's London push tagged a 0.8292 week high at the top of the 0.8200–0.8290 range as USD firmed on Fed-hike bets into Wednesday's FOMC. Price holds above EMA(20) near 0.8280 with RSI(14) in the mid-60s, short of overbought, while hourly ranges compress under the week high.
Support: 0.8280, 0.8255, 0.8234
Resistance: 0.8292, 0.8300
What it said to watch
H1 close above 0.8300 round number breaks the range top and the week high cap
Loss of the rising trendline along the higher lows and EMA(20) near 0.8280 would signal the leg is stalling
Failure to hold the 0.8255 Friday high exposes the 50% fib near 0.8242 and the weekly open at 0.8234
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC today, then FOMC Wed 18:00 UTC, could materially shift this read
10:03 UTC
Uptrend, testing range cap · RSI 62 · price 0.82853
Higher highs and higher lows off the 0.8192 double bottom.
USDCHF has printed higher highs and higher lows since the 0.8192 double bottom set Thursday and retested in Friday's Asian session, with the USD firm into Wednesday's FOMC on pre-Fed short-covering. Tuesday's London open pushed to a week high (tue high 0.8292) into the 0.8290–0.8300 range cap flagged in the digest, while price holds above EMA(20) and Monday's prior high at 0.8279 along a rising support line from Monday's low. RSI(14) sits near 62, and gains on this leg have been smaller than on Monday's NY push.
Support: 0.82787, 0.82634, 0.82341
Resistance: 0.82916, 0.8300
What it said to watch
Sustained H1 closes above the 0.8300 range cap would turn the range-top test into a range break
Failure to hold the 0.8263 swing low breaks the rising support sequence and exposes the week open at 0.8234, near the 50% of the Thursday-Tuesday leg
US Durable Goods (12:30 UTC) and Consumer Confidence (14:00 UTC) today are a pre-Fed tone check
FOMC Wed 18:00 UTC: any hedging on a December hike carries more risk for this read than a hawkish hold
09:04 UTC
Uptrend, momentum flattening near range cap · RSI 62 · price 0.8284
Higher highs and higher lows off 0.8191 double bottom.
USD/CHF has climbed about 95 pips off the 0.8191 double bottom set in Thursday's London morning and Friday's Asia session. Higher lows have followed since the weekly open at 0.8234, as USD short-covering builds into Wednesday's FOMC. Price holds above EMA(20) and is pressing the week high at 0.8287, just under the 0.8290–0.8300 range cap, while RSI(14) near 62 runs softer than on Monday's NY push. Pullbacks have stayed on the rising lows trendline, most recently at the 0.8273 Asia low, with the fib 38.2 of the rally at 0.8251 below.
Support: 0.8273, 0.8251, 0.8234
Resistance: 0.8287, 0.8300
What it said to watch
H1 close above the 0.8300 range cap breaks the 0.8200–0.8300 range read
H1 close below the 0.8273 asia low and the rising lows trendline signals the first lower-low since Friday
Loss of the fib 38.2 at 0.8251 puts the weekly open at 0.8234 back in play
US Durable Goods 12:30 UTC and Conference Board Confidence 14:00 UTC today could shift this read
Fed decision Wed 18:00 UTC; a noncommittal December message carries the larger repricing risk
08:03 UTC
Uptrend, momentum flattening under week high · RSI 58 · price 0.8278
Higher lows off 0.8192 double bottom; tight range below 0.8286.
Thursday's twin lows at 0.8192 formed a double bottom. Friday's push cleared the 0.8243 neckline, and the London and NY sessions on Monday drove the leg from the 0.8234 weekly open to 0.8277 as pre-FOMC USD short-covering extended. Price is now compressing just under the 0.8286 week high, holding above EMA(20) near 0.8275 with RSI(14) easing to ~58. The Asian range has stayed above the 0.8273 asian low, with the higher-low line from Thursday still well below.
Support: 0.8273, 0.8250, 0.8234
Resistance: 0.8286, 0.8290, 0.8300
What it said to watch
H1 close above 0.8290 range top challenges the 0.8290–0.8300 resistance band and the round number
Loss of the 0.8273 asian low and EMA(20) opens a deeper pullback toward the 0.8250 fib 38.2, near Friday's close
Break of the higher-low line and the 0.8234 weekly open undercuts the double bottom read
US Durable Goods 12:30 UTC and Conference Board Confidence 14:00 UTC today, then the Fed decision Wed 18:00 UTC, could materially shift this read
07:03 UTC
Uptrend, momentum cooling near range top · RSI 66 · price 0.82818
Higher lows from Thursday's 0.8192 low, now testing 0.8290 range top.
The 0.8191/0.8192 double bottom from Thursday into Friday's Asia session launched a run of higher lows. That extended on Monday, when the London open cleared last week's 0.8259 high and NY hours pushed through 0.8277, as pre-FOMC USD short-covering lifted the dollar. Price has held just above EMA(20) since, and today's Asia session printed a 0.8284 week high. RSI(14) has cooled to the mid-60s and the pace has slowed as the pair presses the 0.8290 range top.
Support: 0.8276, 0.8262, 0.8234
Resistance: 0.8284, 0.8290, 0.8300
What it said to watch
H1 close above the 0.8290 range top and 0.8300 round number challenges the range read; the 0.8284 week high is the first cap
Loss of EMA(20) and then the 0.8262 swing low (Monday NY pullback) would break the higher-low sequence
A break of the rising higher-lows trendline from the 0.8192 low opens the 38.2% rally fib near 0.8249, with the weekly open at 0.8234 below
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC today set the pre-Fed tone
FOMC decision Wed 18:00 UTC: a hold with soft December guidance risks unwinding the pre-Fed USD bid and could materially shift this read
06:02 UTC
Uptrend, pressing range top · RSI 60 · price 0.82797
Higher highs and higher lows off the 0.8191 double bottom.
USD/CHF has printed higher highs and higher lows since the 0.8191 double bottom set across Thursday and Friday. The dollar's pre-FOMC short-covering bounce carried price from Monday's 0.8229 opening low through the London-NY transition, and it reached a 0.8284 week high in today's Asia session. Dips have held the EMA(20), most recently at 0.8273, and RSI(14) near 60 sits short of overbought as price presses the 0.8290–0.8300 range top, with the Tuesday low at 0.8261 marking the latest higher low.
Support: 0.82726, 0.82613, 0.82511
Resistance: 0.82839, 0.8300
What it said to watch
H1 close above the 0.8300 range top breaks the 0.8200–0.8300 range read
Failure to hold the Tuesday low at 0.8261 breaks the higher lows trendline; the prior close at 0.8251 and the 38.2% fib near 0.8249 come next
US Durable Goods at 12:30 UTC today, then the FOMC on Wed 18:00 UTC, could materially shift this read
Higher lows since Thursday's 0.8191 low, tight range under week high.
Higher lows have stacked since Thursday's 0.8191 one-month low. Monday's London and NY sessions drove the main leg from the 0.8234 weekly open through Friday's 0.8255 highs as the dollar firmed into FOMC. The Asia session today stretched to a 0.8284 week high, then stalled into a tight range. Price holds just above EMA(20), with RSI(14) easing back toward 58 and hourly ranges compressing.
Support: 0.8261, 0.8252, 0.8234
Resistance: 0.8284, 0.8300
What it said to watch
H1 close above the 0.8284 week high exposes the 0.8290/0.8300 psych cap flagged in the digest
Failure to hold the 0.8261 tue low turns focus to the 0.8252 swing low and the 38.2% fib near 0.8249
A break of the rising trendline and the 0.8234 weekly open would undo the post-Thursday recovery structure
US durable goods at 12:30 UTC and consumer confidence at 14:00 UTC are the last data before Wednesday's 18:00 UTC FOMC decision, which could materially shift this read
Higher highs and higher lows since Thursday's 0.8192 double bottom.
USD/CHF has printed higher highs and higher lows since the double bottom at 0.8192 on Thursday and Friday. Monday's London and NY sessions drove the move through Friday's 0.8256 high as pre-FOMC dollar short-covering and firmer yields lifted the pair. Tuesday's Asian session set a week high at 0.8284, just shy of the 0.8290 range cap, and price is now flattening onto EMA(20) at 0.8270 and the higher-lows line with RSI(14) easing to the high 50s, while the gap low at 0.8261 and Monday's NY swing low at 0.8252 mark the nearest structure beneath.
Support: 0.8270, 0.82613, 0.82521
Resistance: 0.82839, 0.8290
What it said to watch
H1 close above the 0.8290 range cap would extend the rally from Thursday's double bottom beyond the digest's 0.8200–0.8290 band
Failure to hold the gap low at 0.8261 and the swing low at 0.8252 would break the higher-low sequence and expose the 38.2% retracement of the rally near 0.8249
A sustained break below the higher-lows line and EMA(20) at 0.8270 would signal momentum stalling under the week high
US Durable Goods (12:30 UTC) and Consumer Confidence (14:00 UTC) today could shift the read ahead of FOMC
FOMC decision Wed 18:00 UTC: Powell's December guidance could materially reshape this structure
Higher highs and higher lows since Friday, stalling below 0.8290 range cap.
USD/CHF carved a double bottom at 0.8192 across Thursday's London open and Friday's Asian session. The rebound has printed successive higher lows since then, with the Monday NY session driving the leg through the 0.8256 friday high as USD shorts were trimmed into Wednesday's FOMC. Price sits above EMA(20) near 0.8270 with RSI(14) around 62, but Asia hours today have stalled just under the 0.8284 week high and beneath the 0.8290 range cap.
Support: 0.8270, 0.8263, 0.8256
Resistance: 0.8284, 0.8290, 0.8300
What it said to watch
H1 close below the 0.8263 pullback low breaks the higher-low sequence and puts the 0.8256 friday high back in focus
Sustained trade back under ema20 at 0.8270 would mark the first loss of the Monday-NY momentum
H1 close above the 0.8290 range cap and 0.8300 psych level takes price out of the 0.8200–0.8290 range
A deeper pullback toward the 38.2% fib of the double bottom rally (0.8249) keeps the structure intact while the higher-low line holds
US Durable Goods (12:30 UTC) and Consumer Confidence (14:00 UTC) today could jolt the NY session
FOMC Wed 18:00 UTC: guidance on a December hike could materially shift this read
02:02 UTC
Uptrend, higher highs and higher lows since Friday · RSI 67 · price 0.8279
Stair-step advance off a 0.8191 double bottom, pressing week high.
USDCHF has built a series of higher lows since the 0.8191–0.8192 double bottom on Thursday and Friday. Monday's London and NY-open sessions carried price from the weekly open at 0.8234 to a fresh week high at 0.8284 in today's Asian session, as USD shorts were pared into the Fed. Price holds above EMA(20) near 0.8272 with RSI(14) in the high 60s, and the 0.8263 swing low marks the latest higher low beneath the 0.8290/0.8300 round number cap.
Support: 0.8272, 0.8263, 0.8234
Resistance: 0.8284, 0.8300
What it said to watch
H1 close above the 0.8300 round number would clear the 0.8200–0.8290 range cap that has held this week
Failure to hold the 0.8263 swing low and the higher-lows trendline would break the stair-step sequence
A return below the weekly open at 0.8234 puts price back in the 50–61.8% zone of the Fri-Tue impulse
US Durable Goods at 12:30 UTC today and the Fed decision Wednesday 18:00 UTC could materially shift this read
01:03 UTC
Uptrend, extending into resistance · RSI 64 · price 0.82783
Double bottom resolved higher, higher lows since Friday.
USDCHF built a double bottom at 0.8192 from Thursday's London low and Friday's Asia low, cleared the 0.8244 neckline on Friday, and extended from the 0.8234 week open to a fresh week high at 0.8279. Most of the advance came in Monday's London and NY sessions as pre-FOMC USD short-covering played out. Price holds above a rising EMA(20) near 0.8270 with RSI(14) at 64, short of overbought; the Monday NY pullback held 0.8252 and the rollover low at 0.8261 was recovered within two bars.
Support: 0.8261, 0.8252, 0.8234
Resistance: 0.8279, 0.8290, 0.8300
What it said to watch
Week high at 0.8279 sits just below the 0.8290 range cap and 0.8300 round number; a rejection there keeps the 0.8200–0.8290 range intact
H1 close back below the 0.8252 ny pullback low breaks the higher-low trendline and weakens the double bottom follow-through
Loss of the 0.8234 week open, near the 50% fib, would retrace most of the week's rally
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could move the pair during the NY session
FOMC decision Wed 18:00 UTC: a dovish hold would undermine the short-covering that lifted the pair from the double bottom
Higher lows since Friday's 0.8192 retest, Friday high broken.
USDCHF put in a double bottom at 0.8192 across Thursday's London selloff and Friday's Asian retest. Since the 0.8234 weekly open it has climbed on a series of higher lows. Monday's London open started the leg and NY extended it as USD shorts were trimmed into FOMC, clearing the 0.8256 friday high and topping at the 0.8279 monday high. Price holds above EMA(20) near 0.8267 with RSI(14) around 64, and ATR has compressed to roughly 9 pips in the Asian session.
Support: 0.8263, 0.8256, 0.8234
Resistance: 0.8279, 0.8290
What it said to watch
H1 close below the 0.8263 pullback low and Monday's rising trendline breaks the higher-low sequence
Loss of the 0.8256 friday high puts the breakout in question and brings the 38.2% fib near 0.8245 into view
Close above the 0.8279 monday high exposes the 0.8290/0.8300 range cap
US Durable Goods (12:30 UTC) and Consumer Confidence (14:00 UTC) today could move the NY session
Wednesday's FOMC decision at 18:00 UTC could materially shift this read