Multi-month range 0.7762-0.8042, price in upper third.
USDCHF has held a multi-month range between roughly 0.7762 and 0.8042 since February. Price recovered off the early-June low at 0.7803 and is now pressing the upper third near 0.7973, with USD bid on the 172K NFP beat and a soft Swiss CPI underpinning the move. RSI sits in the mid-60s and price holds above both EMAs, with the 0.8000 round number and February's 0.8042 high capping the range top.
Support: 0.7895, 0.7803, 0.77616
Resistance: 0.8000, 0.80424
What it said to watch
Daily close above 0.80424 invalidates the multi-month range ceiling
Failure to hold 0.78030 reopens the 0.77616 range floor
US CPI Wed 12:30 GMT could materially shift this read
21:03 UTC
Range top test, momentum building · RSI 64 · price 0.79731
Four-month range, pressing upper boundary.
USDCHF has spent four months ranging roughly 0.7630-0.8042, and the late-May rally has carried price back to the top of that band near 0.7973, helped by broad USD strength after Friday's 172K NFP beat revived Fed-hike pricing. Price sits above a rising EMA50 with RSI in the low-60s — firm but not yet overbought. The 0.8000 psychological level and the 0.80424 February high cap the range; demand has stepped in repeatedly above 0.7872 on safe-haven bouts.
Support: 0.7872, 0.7800, 0.77616
Resistance: 0.8000, 0.80424
What it said to watch
D1 close above 0.8000 opens the path to the 0.80424 feb high and a range break
Failure to hold 0.7872 swing low reopens the range interior toward 0.7800
US CPI Wed 12:30 GMT is the key catalyst and could materially shift this read