09:19 UTC
Downtrend, fresh lows · RSI 35 · price 0.77625
Lower highs, lower lows.
USDCHF has carved a clear sequence of lower highs and lower lows since Tuesday's NY session, with the latest leg breaking the 0.7766 prior swing and printing fresh two-month lows around 0.7762. Price sits below both EMA20 and EMA50, and the recent recovery to the 0.78075 week pivot was sold cleanly back into the lows. Soft USD tone is being reinforced by Friday commentary flagging two consecutive weekly declines and bearish momentum building.
Support: 0.77616, 0.7750
Resistance: 0.7782, 0.78075, 0.78199
What it said to watch
- Hourly close back above 0.77820 prior swing would neutralise the lower-high sequence
- Loss of 0.77616 session low opens path toward 0.7750 psych
- Reclaim of 0.78075 week pivot needed to challenge the downtrend read
- US CPI risk flagged in commentary could materially shift this read on release