18:37 UTC
Uptrend since Jan 2026 low, testing highs · RSI 65 · price 0.83461
Higher highs and lows off 0.7604; old 2025 range top cleared.
USDCHF has been in an uptrend since the late-January 2026 low at 0.7604. Since then it has printed higher lows into May and broken above the 0.79–0.82 band that capped price through H2 2025, with the Jul high at 0.8207 giving way in September. Price holds well above a rising W1 EMA(50) near 0.8030, and the rising trendline from the January low sits just beneath it, so the macro structure is intact. The Sep high at 0.8382, flagged in the digest as a 17-month high, is the immediate cap, and the 2025 high at 0.8476 is the next multi-quarter reference. The Fed–SNB rate gap and a firm USD near YTD highs explain the grind higher.
Support: 0.8207, 0.8085, 0.8030
Resistance: 0.8382, 0.8476, 0.8500
What it said to watch
- Weekly close above the 0.8382 sep high opens the 2025 high at 0.8476, with the 0.85 round number beyond
- A close back below the 0.8207 jul high would put price back inside the old range
- Loss of the fib 38.2 at 0.8085 and the ema50 / rising trendline near 0.8030 would break the higher-low sequence
- US CPI Wed Oct 14 (core f/c 0.2%) could materially shift Fed hike pricing and this read
- RSI(14) pushing above 70 would flag an overbought extension into resistance