21:01 UTC
Downtrend stabilising, base forming · RSI 54 · price 0.78793
Range after January selloff, basing 0.7660–0.7990.
USDCHF carved a base through February after the late-January selloff to 0.7604, with price oscillating in a 0.7660–0.7990 range over the last 3 months. Recent sessions have lifted off the 0.7808 swing low and reclaimed both EMA20 and EMA50, with RSI cycling back to neutral around 54 — a structural shift from the persistent sub-50 readings seen through March-April. The 0.7917 prior high is the immediate test; the broader range top at 0.8042 caps any extension.
Support: 0.7808, 0.7760, 0.7604
Resistance: 0.7917, 0.7959, 0.8042
What it said to watch
- Daily close above 0.7917 prior high opens path toward the 0.8042 range top
- Loss of 0.7808 swing low reopens the apr swing low at 0.7760
- Musalem hawkish Fed commentary and US-Iran ceasefire headlines remain active USD drivers