10:51 UTC
Downtrend, recovering off base · RSI 52 · price 0.79645
Multi-quarter downtrend, basing near 0.76-0.78.
USDCHF has been in a multi-quarter downtrend since the 0.92 top in Q1 2025, with the sharp April 2025 leg lower establishing the regime; price carved a base near 0.76 in early 2026 and has since recovered toward 0.796, now hovering around the W1 EMA(50). The bounce aligns with USD-side strength after the blowout NFP and renewed Fed-hike pricing, while a widening rate disadvantage caps the Franc. RSI sits mid-range, offering no extreme signal at this timeframe — the recovery is structural rather than momentum-driven.
Support: 0.7800, 0.76043
Resistance: 0.81243
What it said to watch
- Weekly close above 0.81243 prior cap would challenge the downtrend structure
- Failure to hold 0.78 base reopens the 0.76 swing low
- US CPI Jun 10 could materially shift the USD-side driver behind this recovery