Range after rejection off week high, holding pivot.
USD/CHF stretched to the 0.81394 week high mid-week before in-line US PCE cooled Fed-hike pricing, dragging the pair back to the 0.80687 week low and now consolidating around the 0.8100 pivot. Price sits just above EMA20 with RSI(14) flat near 53, the recovery off the low only retracing about half of the prior drop. The 0.81140 swing high capped the late-week bounce.
Support: 0.8088, 0.80687, 0.8040
Resistance: 0.8114, 0.81394
What it said to watch
H1 close above 0.81140 swing high reopens the path to the 0.81394 week high
Loss of the 0.80687 week low exposes 0.8040 key support
US ADP/ISM (Jul 1) and Swiss CPI (Jul 2) could materially shift this read in thin holiday liquidity
USDCHF rallied to a 0.8140 11-month high early in the week before rejecting, then sold off to 0.8068 as the dollar handed back gains on the in-line US PCE print. Price has since recovered to the 0.8100 pivot, back above EMA(20) with RSI(14) near 53, forming a double-bottom base at the week low. Prior high at 0.8120 caps the rebound, leaving the pair mid-range into the new week.
Support: 0.8068, 0.8040
Resistance: 0.8120, 0.8140
What it said to watch
H1 close above 0.8120 would extend the recovery toward the 0.8140 week high
Failure to hold 0.8068 confirms a lower low and opens 0.8040 key support
US ADP/ISM (Jul 1) and Swiss CPI (Jul 2) are imminent risk that could reset this read
USD/CHF gave back the week's rally from the 0.81394 week high after in-line US PCE cooled imminent Fed-hike pricing, sliding to a 0.80687 week low before reclaiming the 0.8100 pivot into the close. Price now sits back above EMA20 with RSI(14) recovering off mid-week lows, but the descending lower highs from the week high still cap. The down-leg's 50% retracement aligns with the 0.8100 pivot, leaving price balanced between recovery and rollover.
Support: 0.8100, 0.80687, 0.8040
Resistance: 0.8120, 0.81394
What it said to watch
H1 close back below 0.8068 week low confirms a fresh lower low toward 0.8040 key support
Reclaim and hold above 0.81394 week high reopens the 0.8170 area
Jul 1 ADP/ISM and Jul 2 Swiss CPI could materially shift this read