An eight-day advance stalled into a double top near the 0.8200 13-month high before the post-FOMC USD slide dragged price through the 0.816 base in two heavy sessions, printing a swing low at 0.8039. ATR(14) has expanded sharply on that breakdown and price now sits below both EMAs after a shallow bounce to 0.811 faded. The rebound is capped well beneath the broken uptrend line, leaving the recovery corrective rather than a structural repair.
Support: 0.8039, 0.8000
Resistance: 0.8110, 0.8135, 0.8200
What it said to watch
Failure to hold 0.8039 confirms a lower-low and extends the breakdown
H4 close back above 0.8135 would neutralise the double-top read
Swiss CPI (YoY) Aug 3 06:30 GMT and ISM Manufacturing Aug 3 14:00 UTC could materially shift this read
Double top near 0.8200, lower highs forming after sharp break.
USDCHF ran an eight-bar advance to a 13-month high near 0.8200 before printing a double top and breaking sharply lower to 0.8039, aligned with the post-FOMC softening in the dollar. ATR(14) has expanded on that impulsive leg down and price now trades back below both EMA20 and EMA50, marking the first lower high. The bounce off 0.8039 has so far stalled under 0.8129, keeping the corrective structure intact.
Support: 0.8039, 0.8000
Resistance: 0.8129, 0.8200
What it said to watch
H4 close back above 0.8129 prior high needed to re-engage the 0.8200 area
Break of 0.8039 swing low exposes the 0.8000 round number
Swiss CPI (YoY) Aug 3 06:30 GMT could materially shift this read
Price ran to a 13-month high near 0.8205 twice before a sharp reversal wiped out roughly two weeks of gains, printing a swing low at 0.8039 — the soft US GDP/PCE prints and intervention chatter drove the leg lower. The recovery back above 0.8090 is a partial retrace of that impulse, but price sits below both EMA20 and EMA50 with the double-top structure intact. ATR(14) has expanded as the pair swings, marking a volatility regime shift after weeks of grind higher.
Support: 0.8039, 0.8000, 0.8027
Resistance: 0.8130, 0.8205
What it said to watch
H4 close back above 0.8130 prior swing would negate the double-top breakdown
Failure to hold 0.8039 swing low confirms continuation lower toward 0.8000 psych
Swiss CPI (Aug 3, 06:30 GMT) could materially shift this read
Price rallied to a 13-month high near 0.8205 and printed a double top before reversing more than 1% over two sessions, driven by broad USD softness and Swiss intervention chatter, bottoming at 0.8039. Buyers stepped in around 0.8040 and price has clawed back above 0.8080, but it sits below both EMAs with ATR(14) sharply expanded after the flush. The recovery is a bounce within a broken structure until 0.8128 is reclaimed.
Support: 0.8039, 0.8010, 0.8000
Resistance: 0.8128, 0.8205
What it said to watch
H4 close above 0.8128 prior swing would repair the reversal read
Failure to hold 0.8039 swing low opens 0.8010 pivot and 0.8000 psych
Swiss CPI Aug 3 06:30 GMT could materially shift this read
USD/CHF reversed hard from the 13mo high near 0.8200, slicing through the multi-week range and printing a lower low at 0.8039 as soft US GDP and cooling core PCE undercut the dollar. ATR(14) has expanded sharply on the two-day sell-off, with price now consolidating just above 0.807 and holding below both EMA20 and EMA50. This week's bounce toward 0.8200 was positioning-driven short-covering, and it has fully unwound.
Support: 0.8039, 0.8027, 0.8000
Resistance: 0.8100, 0.8135, 0.8200
What it said to watch
A close back above the 0.8100 round level would ease the downside pressure
Failure to hold the 0.8039 swing low opens the path toward the 50d sma at 0.8027 and the 0.8000 psych handle
Reclaim of 0.8135 prior low needed to reopen the upper range
Swiss CPI (YoY) Mon Aug-3 06:30 GMT is HIGH impact and could materially shift this read
09:02 UTC
Uptrend reversed, breaking down · RSI 39 · price 0.80732
Lower high off 0.8205, breakdown to 0.8039.
The eight-day climb to 13-month highs near 0.8205 stalled at a double top and reversed sharply, with a two-bar selloff slicing through the 0.8135 prior support down to 0.8039 before buyers stabilised the price around 0.8073. The leg lower coincides with the soft US GDP (1.5%) and cooling core PCE prints plus JPY-intervention-led USD softness. ATR(14) has expanded and price sits below both EMA20 and EMA50, confirming the near-term rollover.
Support: 0.8039, 0.8000
Resistance: 0.8100, 0.8135, 0.8205
What it said to watch
Reclaim of 0.8100 would ease the breakdown read
Failure to hold 0.8039 opens the path to the 0.8000 psych
Swiss CPI Mon Aug-3 06:30 GMT could materially shift this read
Price built an eight-session climb into 0.8205 but stalled twice near that level and rolled over, with a sharp two-bar drop through the rising support to a low of 0.8039 as soft US Q2 GDP and cooling PCE undercut the Dollar and a safe-haven bid firmed CHF. ATR(14) has expanded on the breakdown and price is now recovering off the low toward 0.807, holding just above the 50-day SMA cluster at 0.8027. Both EMAs sit overhead after the reversal.
Support: 0.8039, 0.8027
Resistance: 0.8130, 0.8205
What it said to watch
H4 close below 0.8027 exposes deeper support and confirms the squeeze has legs
Reclaim of 0.8130 needed to repair the double-top damage
Aug 3 Swiss CPI (HIGH) could materially shift the CHF read
Multi-week uptrend into 0.8200 stalled at a double top (0.82051/0.82068) before a sharp reversal that cut ~180 pips to a 10-day low at 0.8039, driven by a safe-haven/intervention squeeze into the Franc. Price sliced below the 0.8115 shelf and the ascending support line, flipping structure to lower highs and lower lows. A modest bounce off 0.8039 has price back near 0.8069 but still below the EMA20 and EMA50.
Support: 0.8039, 0.8027, 0.8000
Resistance: 0.8115, 0.8200
What it said to watch
Reclaim above 0.8115 would negate the breakdown read
Failure to hold 0.8027 50-day sma exposes 0.8000 psych
Swiss CPI (Aug 3) is the key test of the SNB-hold thesis
01:03 UTC
Uptrend reversed, momentum down · RSI 35 · price 0.80581
Double top rejection, breakdown from range.
USDCHF rejected the 0.8205 area repeatedly and broke sharply lower, snapping the eight-session grind higher as the dollar bled following the soft US GDP and cooler PCE prints. Price sliced through the ascending support off the mid-month higher lows and is now probing 0.8039, with EMA20 and EMA50 flipping overhead. ATR(14) has expanded on the impulsive drop, marking a clear momentum shift from the prior uptrend.
Support: 0.8039, 0.8000
Resistance: 0.8100, 0.8150, 0.8205
What it said to watch
H4 close back above 0.8100 would ease the breakdown read
Failure to hold 0.8039 exposes the 0.8000 round number
ECI/UoM data today and Swiss CPI Aug 3 could materially shift this read
01:02 UTC
Uptrend reversed, momentum down · RSI 34 · price 0.80581
Broke multi-day higher-low structure.
USDCHF ran an eight-session climb to a 13-month high near 0.8207 before a sharp two-bar reversal, sliding through the 0.8130 shelf as the dollar softened following the FOMC hold plus the soft GDP and core PCE prints. Twin highs at 0.8205/0.8207 mark a double top, and ATR(14) has expanded as the decline accelerated, price now trading below both EMA20 and EMA50. The rally's rising trend support has given way, opening room toward the prior lows around 0.8024.
Support: 0.8039, 0.80241, 0.8000
Resistance: 0.8130, 0.8205
What it said to watch
H4 close back above 0.8130 would neutralise the breakdown read
Failure to hold 0.8039 confirms a fresh lower-low
Swiss retail sales and US ECI/UoM today could materially shift this read