USDCHF ground up to a 0.80127 week high but the 0.8000 psych barrier capped repeated attempts before a sharp Friday rejection flushed the pair to 0.79411. Price has since recovered to retrace roughly 40% of that drop, sitting back above EMA20 but still under EMA50. CHF stays soft on SNB mispricing into the 18 Jun decision, while higher lows have formed off the 0.79411 base.
Support: 0.7965, 0.79411
Resistance: 0.8000, 0.80127
What it said to watch
H1 close back above 0.80000 reopens the 0.80127 week high
Failure to hold 0.79411 confirms a lower low
FOMC Jun 17 and SNB Jun 18 can materially shift this read
USD/CHF stalled twice just under the 0.8000 psychological barrier near the 0.80127 week high before a sharp NY-session selloff yesterday dragged it to the 0.79411 swing low. Since then price has carved a sequence of higher lows back above EMA20 with RSI cycling back toward mid-range. CHF stays soft into next week's SNB hold, but supply at 0.8000 has so far capped the recovery.
Support: 0.79596, 0.79411, 0.7966
Resistance: 0.7976, 0.8000, 0.80127
What it said to watch
H1 close above 0.79760 prior high reopens the 0.8000 barrier
Failure to hold 0.79411 swing low confirms a lower low
SNB Jun 18 and FOMC Jun 17 could materially shift this read
Rejection off 0.8000, consolidating above swing low.
USD/CHF spent the week grinding up to a 0.80127 high before a sharp rejection just under the 0.8000 psychological barrier flushed price to the 0.79411 swing low — a soft Swiss backdrop kept CHF on the back foot but the round number capped the move. Since then the pair has carved a series of higher lows back toward the EMA20 near 0.7964, with RSI(14) recovering off the lows to mid-range. Price sits below EMA50, holding inside a 0.7959–0.7976 range as the market awaits the SNB.
Support: 0.7959, 0.7964, 0.79411
Resistance: 0.7976, 0.8000, 0.80127
What it said to watch
Sustained H1 close above 0.8000 reopens the path to 0.80127 week high
Loss of 0.79590 swing exposes the 0.79411 swing low
SNB rate decision Jun 18 07:30 UTC could materially shift this read
USDCHF ground up toward the 0.8000 barrier through midweek before a sharp rejection at 0.80127 dumped the pair to 0.79411, in line with a firmer USD and the soft Swiss backdrop. Since then price has consolidated in a 0.794–0.797 band, reclaiming EM(20) but capped beneath EMA(50) with RSI(14) flat near 50. Higher lows have formed off 0.79411 but each bounce has stalled short of 0.797.
Support: 0.79596, 0.79411
Resistance: 0.8000, 0.80127
What it said to watch
H1 close back above 0.80000 reopens the 0.80127 week high
Loss of 0.79596 higher low exposes the 0.79411 swing low
SNB decision Jun 18 07:30 UTC and FOMC Jun 17 18:00 UTC could reset this range