21:02 UTC
Uptrend, momentum slowing near highs · RSI 64 · price 0.81014
Higher highs / higher lows, consolidating below 11-month high.
USDCHF extended a multi-week uptrend into a fresh 11-month high at 0.81394, riding the post-FOMC hawkish-Fed USD bid, with price holding well above a rising EMor20/EMA50 stack on D1. The last four sessions have stalled and gone sideways near the 0.8100 pivot after in-line US PCE cooled the rally. Structure stays constructive — higher lows intact — but the daily push has lost pace just under the 0.81394 ceiling.
Support: 0.8066, 0.8040, 0.7997
Resistance: 0.81394, 0.8170
What it said to watch
- Daily close above 0.81394 opens the path toward the 0.8170 target
- Failure to hold the 0.8066 swing low would mark the first lower-low and shift the read
- High-impact Swiss CPI Jul 2 06:30 GMT (f/c 0.5%) could materially move this read
- US ADP/ISM Wed and NFP Thu are the dominant USD drivers into next session