USDCHF has trended lower since the weekly open near 0.7830, printing a series of lower highs through the London and NY sessions mid-week and tagging a week low at 0.77620 in Friday's NY hours. Price has based since then around 0.77750 with a second low holding above the prior, and the current Asia/early-London session is pushing back into the EMA20 near 0.77940. RSI(14) has lifted from oversold without a new price low, leaving a bullish divergence read against the downtrend backbone.
Support: 0.7762, 0.7775
Resistance: 0.7794, 0.78075, 0.7820
What it said to watch
H1 close above the ema20 at 0.77940 would challenge the lower-high sequence
Reclaim of 0.78075 (fri high) needed to neutralise the downtrend
Loss of 0.77750 session low reopens the 0.77620 week low
US CPI later this week is the dominant catalyst for this pair
USDCHF has bled lower since Tuesday's NY session, printing a sequence of lower highs from 0.78425 down to last Friday's 0.77616 week low. Price is rebounding off that base into the Asia session, with RSI(14) lifting off oversold but still capped below EMA20 near 0.77950. Geopolitical risk-off flows (US-Iran, Hormuz) are keeping CHF bid even as the dollar tries to stabilise.
Support: 0.77616, 0.77693
Resistance: 0.77952, 0.78086, 0.78199
What it said to watch
Hourly close above 0.77952 (ema20) needed to challenge the prior high at 0.78086
Break of 0.77616 week low extends the downtrend
Trump-Xi summit headlines later this week could shift the risk tone
Lower highs since Monday, base forming near 0.7765.
Persistent downtrend off Monday's 0.7820 high with each London session printing a fresh lower high into the EMA(20). Price has based around 0.7765 over the last two sessions and RSI(14) is curling up against flat price, a mild bullish divergence. Structure stays heavy unless the EMA(20) cap at 0.7795 gives way.
Support: 0.7762, 0.7770, 0.7750
Resistance: 0.7795, 0.7808, 0.7820
What it said to watch
H1 close above 0.7795 (ema20) neutralises the downtrend read
Break of 0.7762 week low extends the lower-high sequence
Reclaim of 0.7808 prior swing would invalidate the consolidation cap
Trump China visit Wed-Fri may inject USD headline risk this week
Lower-highs into 0.7760 support, bounce in progress.
Pair has trended lower since Monday's 0.7842 weekly open, carving lower-highs through the week with the bulk of the move coming in NY hours on Wednesday and Thursday. The 0.7762 week low has been retested twice without follow-through, with the second test showing bullish RSI divergence, and price has now reclaimed EMA20 into the new week's Asia session. ECB de Guindos dovish comments and rejected US-Iran peace proposal have helped USD find a bid against CHF overnight.
Support: 0.7762, 0.7771, 0.7782
Resistance: 0.78075, 0.7820, 0.7842
What it said to watch
Hourly close back below 0.7782 EMA20 puts the week low back in play
Break above 0.7807 prior high opens path back to 0.7820 week high
Failure at 0.7762 confirms continuation of the downtrend
Price has trended lower since Monday's open near 0.7843, carving lower highs through the week before basing into Friday's NY close around 0.7762, the week low. The Asia session has lifted off that base with a mild bullish RSI divergence, but EMA20 around 0.7797 is now overhead and capping the recovery. Iran-truce headlines fading has supported USD into the new week, leaving a tight range below the ema20 with the week low untested.
Support: 0.7762, 0.7770
Resistance: 0.7797, 0.78075, 0.7832
What it said to watch
H1 close above ema20 at 0.7797 opens the path to the Fri high at 0.78075
Break of the week low at 0.7762 reasserts the downtrend
Holding above the prior swing at 0.7770 keeps the double bottom read intact
USDCHF has trended lower all week from the 0.7848 print on Monday, posting a clean sequence of lower highs into a base around 0.7762 — last week's low. Price is grinding back toward the EMA20 near 0.7797 after Friday's NY session bottomed at 0.7762, with RSI(14) lifting off the mid-30s back to neutral. The current bounce is corrective in nature unless the prior high at 0.7807 gives way.
Support: 0.7762, 0.7770
Resistance: 0.7797, 0.78075, 0.7832
What it said to watch
Hourly close above 0.7807 prior high opens path to the EMA20 reclaim
Loss of 0.7762 week low confirms continuation of the downtrend
0.7832 week high is the structural pivot for trend reversal
USDCHF has trended lower since Monday's open, carving a clean sequence of lower highs from 0.7847 down to last Friday's 0.7762 week low during NY hours. Asia-session bounce has reclaimed 0.7785 but price still trades below both EMA(20) and EMA(50), with the descending H1 trendline capping every pullback. RSI(14) has lifted from oversold while price held the 0.7762 base — a mild bullish divergence, though structure remains lower-high until proven otherwise.
Support: 0.7762, 0.7771, 0.7745
Resistance: 0.7797, 0.7808, 0.7832
What it said to watch
H1 close above 0.7797 EMA20 and the descending trendline neutralises the lower-high read
Loss of 0.7762 week low extends the downtrend toward the 0.7745 round level
Trump China visit May 13–15 headlines could inject USD volatility this week
02:01 UTC
Downtrend, consolidating near lows · RSI 47 · price 0.77839
Lower highs since Wednesday, basing around 0.7770.
USDCHF has been grinding lower since Tuesday's NY session, posting a sequence of lower highs from 0.7832 down to Friday's 0.7807 cap. The pair carved a week low at 0.7762 in Friday's NY hours and has since stabilised in a tight 0.7765–0.7786 band through the Asia open, with RSI sitting mid-40s and price still pinned below both EMA(20) and EMA(50).
Support: 0.7762, 0.7771, 0.7714
Resistance: 0.7789, 0.7807, 0.7832
What it said to watch
Hourly close back above 0.7789 ema20 would soften the lower-highs read
Loss of 0.7762 week low extends the downtrend toward 0.7714
Trump China visit May 13–15 and Iran/Hormuz headlines could inject CHF safe-haven flows
USDCHF has trended lower since Monday's open, with a clean leg down through last NY session printing the week low at 0.77616 before a corrective bounce. Price is now compressing under EMA(20) near 0.78075, with RSI building a mild bullish divergence against the latest low. The Asia open today is range-bound between 0.7775 and the session high at 0.77825.
Support: 0.77616, 0.7768, 0.7745
Resistance: 0.77825, 0.77971, 0.78075
What it said to watch
Hourly close above 0.77825 session high opens the EMA20 area at 0.78075
Break of 0.77616 week low extends the downtrend toward 0.7745 psych
China CPI in Asia session could shift broad USD tone
USDCHF has trended lower since Tuesday, leaking from 0.7847 to a week low at 0.7762 with each NY session adding to supply. Price is consolidating just under EMA20 around 0.7789 after Friday's bounce, with RSI(14) basing in the low 40s and showing a mild bullish divergence against the lower low. The Iran-US ceasefire headlines over the weekend are the dominant macro driver into the Asia open.
Support: 0.7762, 0.7771, 0.7755
Resistance: 0.7789, 0.78075, 0.7820
What it said to watch
H1 close above 0.77890 (ema20) would neutralise the downtrend read
Break of 0.77620 week low confirms continuation lower
Iran/Hormuz headline risk into Asia open could materially shift this read
China CPI release today is a secondary risk for broader USD tone