22:02 UTC
Uptrend resuming, momentum building · RSI 63 · price 0.83532
Higher low at 0.8127 in place; price back testing the 0.8382–0.8395 October highs.
USD/CHF has kept a higher-high/higher-low chain since the 20 Aug low at 0.7950. The early-November pullback held at the nov low of 0.8127, just above the 61.8% retracement of the Aug–Oct leg, and sits on rising support from August. The NFP beat and Tuesday's hot US core CPI then drove a three-session surge through the late-October 0.8313 high, putting price back above an upturning ema20 (0.8252) and ema50 (0.8229), with ATR expanding to 60 pips. The Oct 1 high at 0.8382 and the oct high at 0.8395 are the next cap, and RSI at 63 is not yet overbought.
Support: 0.82521, 0.82291, 0.81273
Resistance: 0.83824, 0.8395
What it said to watch
- Daily close above the 0.8395 oct high extends the higher-high chain toward the 0.8400s
- Rejection at the 0.8382–0.8395 oct 1 high / oct high band would leave a potential double top in play
- A close back below the ema20 at 0.8252 would erase most of this week's breakout
- Failure to hold rising support and the 0.8127 nov low would break the higher-low sequence from August
- US PPI Fri 13:30 UTC and Fed's Williams tonight could materially shift Fed-hike pricing and this read