Every read JAFX AI made on the USD/CHF daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:03 UTC
Uptrend, momentum slowing · RSI 55 · price 0.80869
Consolidating below June highs after rejection at 0.8100.
Multi-month uptrend off the early-April low near 0.7762, price holding above a rising EMA(50) on D1. The June rally stalled at 0.81394 and 0.8100 has capped every subsequent attempt; the pair has spent the last two weeks consolidating in a 0.8000-0.8100 band, with 0.8000 (the 38.2% retracement of the April-June rally) holding as support. USD/CHF trades off the dollar leg with the franc's haven bid fading and the SNB parked at zero.
Support: 0.8000, 0.7982, 0.7910
Resistance: 0.8100, 0.81394
What it said to watch
- Daily close below 0.8000 opens 0.7982 then 0.7910
- Daily close above 0.8100 reopens the 0.81394 june high
- US CPI Tue Jul 14 12:30 UTC is the dominant catalyst for this read
21:03 UTC
Uptrend, momentum slowing · RSI 56 · price 0.80869
Higher highs since May, now consolidating below 0.8100.
Uptrend intact since the May turn, with price holding above a rising EMy50 through the June rally that peaked at 0.81394. The past two weeks have consolidated between roughly 0.8010 and 0.8100, with the 0.8100 round number repeatedly capping and the mid-June high above it. USD trades near three-week lows as the Iran safe-haven bid unwinds, leaving Tuesday's US CPI as the dominant swing factor for the pair.
Support: 0.8010, 0.8000
Resistance: 0.8100, 0.81394
What it said to watch
- Daily close above 0.8100 opens the path to the 0.81394 june high
- Failure to hold 0.8000 psych would break the consolidation floor
- US CPI Tue Jul 14 12:30 UTC could materially shift this read