Every read JAFX AI made on the USD/CHF daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:03 UTC
Uptrend, momentum slowing · RSI 51 · price 0.80523
Consolidating below June high after pullback.
USDCHF has trended higher since the late-April base near 0.7760, tagging a one-year high at 0.8139 in mid-June before rolling into a multi-week consolidation. Price sits back below the 0.8075 pivot and just under EMA20, but holds well above a rising EMA50, keeping the broader swing structure intact. The recent 0.8010 swing low has held on the last pullback, with 0.8050 acting as the near-term pivot.
Support: 0.8050, 0.8010, 0.7982
Resistance: 0.8075, 0.8120, 0.8139
What it said to watch
- Daily close above 0.8075 opens the path toward the 0.8120 weekly high and 0.8139 1yr high
- Failure to hold the 0.8010 swing low exposes the 0.7982 prior low
- FOMC minutes Wed 18:00 UTC is the key near-term catalyst for this read
21:03 UTC
Uptrend, momentum cooling · RSI 55 · price 0.80523
Consolidating below June high.
USDCHF ran a multi-week rally from the early-May base near 0.7760 to a June peak at 0.81394, holding above a rising EMA(50) throughout. Price has since eased into a consolidation, pulling back to the 0.80105 swing low before recovering to 0.80523 as a firmer USD and soft Swiss data (CPI MoM 0%, unemployment 3.1%) keep the franc offered. The tape is coiling between roughly 0.8010 and 0.8100 over the last two weeks.
Support: 0.80105, 0.8000
Resistance: 0.8075, 0.8101, 0.81394
What it said to watch
- D1 close above the 0.8075 pivot and 0.81010 range top opens the path toward the 0.81394 swing high
- Failure to hold the 0.80105 swing low exposes the 0.80000 round number
- FOMC minutes Wed 18:00 UTC could materially shift this read