Lower highs, lower lows; basing attempt at week low.
USDCHF has trended lower all week, with each NY session extending the prior-day low — Monday's 0.78474 high, then 0.78199, now 0.77616. Price is basing in the upper 0.776s after the latest sweep, with RSI carving a bullish divergence as fresh lows print on weaker momentum. Iran-Strait of Hormuz headlines through the weekend kept CHF bid, capping every bounce at the EMA20 near 0.7793.
Support: 0.77616, 0.77693
Resistance: 0.7793, 0.78086, 0.78199
What it said to watch
H1 close back above EMA20 at 0.77930 would break the lower-high sequence
Loss of week low at 0.77616 extends the downtrend and invalidates the divergence
Further Iran/Hormuz headlines could materially shift the read
22:01 UTC
Downtrend, basing near lows · RSI 41 · price 0.7773
Lower highs since Monday, holding 0.7762 floor.
USDCHF has trended lower all week, rolling from 0.7847 on Monday to a 0.7762 low into late NY yesterday, with each rally capped below a clean lower-highs line. Price is consolidating in a tight 0.7765–0.7775 band after the Asia reopen, sitting under both EMA20 and EMA50 with RSI mid-40s. Iran-US headlines over the weekend are the active macro driver; CHF safe-haven demand explains the persistent supply.
Support: 0.7762, 0.7770, 0.7714
Resistance: 0.7807, 0.7820, 0.7816
What it said to watch
H1 close above 0.7807 ema20 breaks the lower-highs sequence
USDCHF has trended lower through the week, dropping from 0.7845 at Monday's open to a fresh session low at 0.7762. Each NY session has driven the dominant leg down, with London bounces capped under EMA20 and the prior swing at 0.78075. RSI(14) sits in the mid-30s without divergence — pressure has not yet been absorbed.
Support: 0.7762, 0.7765
Resistance: 0.7790, 0.78075, 0.7820
What it said to watch
H1 close back above 0.77900 ema20 would neutralise the lower-highs sequence
Break of 0.77620 session low extends the week-long descent
Geopolitical headlines around Iran talks remain a CHF-side risk