Every read JAFX AI made on the USD/CHF weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:03 UTC
Macro downtrend stalling, basing · RSI 56 · price 0.80508
Rounded base inside 0.77-0.81 range.
The macro downtrend from the 0.9201 early-2025 high bottomed near 0.7604 in Q1 2026, and price has since carved a rounded base, recovering into the 0.80-0.81 upper portion of a 0.77-0.81 range. EMA(50) is flattening with price holding just above it, so the multi-quarter slide has stalled rather than reversed. Soft US payrolls (57K) and cooling ISM keep the dollar heavy, while near-zero Swiss inflation and SNB intervention risk cap franc strength.
Support: 0.8000, 0.7900, 0.76043
Resistance: 0.81394, 0.8210
What it said to watch
- Weekly close above 0.8139 prior high opens the 38.2% fib toward 0.8200
- Failure to hold the 0.8000 pivot exposes the 0.7900 range floor
- Break below 0.7604 cycle low would resume the macro downtrend
19:03 UTC
Downtrend reversing, recovery phase · RSI 56 · price 0.80508
Rounded bottom off Jan-2026 low, higher lows building.
The 2025 macro downtrend from 0.9200 bottomed at 0.7604 in January 2026 and has since carved a rounded base, with price recovering above a rising EMA(50) — regime has shifted from decline to reversion. Last week's push to 0.8139, the one-year high, was rejected and price closed back near the 0.8000 round number as the soft 57K US payroll print weighed on the dollar. Structure holds a series of higher lows, but the 0.8140 cap remains unbroken.
Support: 0.8000, 0.7900, 0.7604
Resistance: 0.8140, 0.8250
What it said to watch
- Weekly close above 0.8140 opens the path toward the 0.8250 prior swing
- Loss of the 0.8000 round number exposes the 0.7900 swing low
- SNB intervention commentary on franc strength could shift the recovery read