21:04 UTC
Uptrend, extended after seven-day run · RSI 74 · price 0.83562
HH/HL chain since mid-Aug; broke multi-week range top mid-Sep.
The uptrend resumed from the 0.7950 swing low in mid-August, printing higher lows at 0.8052 and 0.8183. That set up the mid-September breakout above the 0.8207 range top, which had capped price since late June. Seven straight gains on Fed–SNB policy divergence have carried the pair to the 0.8362 swing high, with RSI near 74 and price stretched well above a rising EMA(50).
Support: 0.8300, 0.8207, 0.8052
Resistance: 0.8362, 0.8500
What it said to watch
- NFP Fri Oct 2, 12:30 UTC could materially shift this read; a soft print meets an overbought, crowded move
- Daily close back below the 0.8300 psych level marks the first loss of momentum since the breakout
- Failure to hold the 0.8207 range top on a retest reopens the old 0.8050–0.8200 range
- Daily close above the 0.8362 swing high extends the higher-high chain, with the 0.8500 round number next in view
- Break of the higher-lows trendline would undercut the mid-August trend structure