09:02 UTC
Downtrend, late-stage with basing attempts · RSI 41 · price 0.77784
Lower highs since Feb peak, holding above March low.
USDCHF has been in a measured downtrend since the early-February high near 0.8040, carving a sequence of lower highs with the EMA50 around 0.7925 now acting as overhead resistance. Price has consolidated for three weeks in a 0.7760–0.7920 band, with last week's rejection from 0.7925 returning the pair toward the recent low at 0.7760. RSI at 41 reflects soft momentum without being stretched, leaving the March low at 0.7604 as the structural reference below.
Support: 0.7760, 0.7604
Resistance: 0.7880, 0.7925, 0.8040
What it said to watch
- Daily close below 0.7760 opens the path to the March low at 0.7604
- Reclaim of the EMA50 near 0.7925 would challenge the lower-high sequence
- US CPI later this week is the main scheduled catalyst for USD legs