The advance that carried price to the one-year-high zone near 0.8139 has rolled over into lower highs, and the pair broke down sharply after the June NFP miss (57K vs 110K) knocked USD, sliding from ~0.812 into the 0.801 area. Price is now consolidating near the 50% retrace of the 0.791-0.814 impulse, with ATR(14) expanded on the drop and price back below both EMAs. The 0.8047 bounce high is capping the recovery while 0.8000-0.8010 holds as the pivot below.
Support: 0.8010, 0.8000, 0.7982
Resistance: 0.8047, 0.8092, 0.8120
What it said to watch
H4 close below 0.8000 opens 0.7982 then 0.7910
Reclaim of 0.8092 supply zone needed to repair the breakdown
ISM Services Mon 14:00 UTC could materially shift this read
21:03 UTC
Downtrend after peak, consolidating · RSI 43 · price 0.80362
Rolled over from 0.8139, lower highs into 0.8000 pivot.
USDCHF peaked at the 0.8139 one-year high then rolled over, accelerating lower after the June NFP miss (57K vs 110K) knocked the USD and broke the 0.8080 support, printing a 0.8010 low. Price is now consolidating just above the 0.8000 pivot and holding below both EMAs, with ATR having expanded through the drop. The bounce is capped around 0.8047 for now.
Support: 0.8010, 0.8000, 0.7982
Resistance: 0.8047, 0.8063, 0.8097
What it said to watch
H4 close below 0.8000 pivot opens 0.7982 then 0.7910
Reclaim of 0.8063 cycle low would repair the lower-high structure
ISM Services Mon and FOMC minutes Wed are USD-side catalysts that could shift this read