09:19 UTC
Downtrend, momentum stalling · RSI 38 · price 0.77625
Lower highs, lower lows then sideways drift.
USDCHF sold off through the London session from 0.78090 to a 0.77620 session low, with the 0.77886 rejection marking the trigger. NY hours have stalled into a tight 0.77620–0.77693 consolidation just above the lows, RSI(14) sub-40 but not extended.
Support: 0.7762, 0.77654
Resistance: 0.77693, 0.7782, 0.77886
What it said to watch
- Break and close below 0.77620 session low extends the downtrend
- Reclaim of 0.77693 micro high opens room back to the 0.77820 NY session high
- Soft US CPI narrative in news flow keeps USD on the back foot