20:02 UTC
Uptrend from Q1 2026 low, pressing range top · RSI 67 · price 0.83926
Higher lows since 0.7604; testing 0.8400 cap.
USDCHF has been in an uptrend since the late-January 2026 low at 0.7604, with a rising trendline of higher lows from May and August now near 0.8100. This week's roughly 2% advance came on a hawkish Fed repricing after strong payrolls and CPI. It has almost fully retraced the 2025-26 decline and is pressing the 0.8400 psych level, just above the 2025 high at 0.8371 and the October high at 0.8395. Price holds above a rising EMA(50) at 0.8106, the EMA(20) crossed above it in September, ATR is expanding to 126 pips and RSI at 66.6 is firm but not overbought.
Support: 0.8371, 0.8127, 0.81061
Resistance: 0.8400
What it said to watch
- Weekly close above the 0.8400 psych level confirms a break of the 2025 high zone and extends the 2026 advance
- A weekly close back below the 0.8371 2025 high, after the October 0.8395 rejection, would flag a double top at the range ceiling
- Loss of the 0.8127 November swing low and the rising trendline near the EMA(50) at 0.8106 would end the higher-low sequence
- Chair Warsh (Mon 17:00 UTC) and US Retail Sales (Tue 13:30 UTC) could materially shift this read; risk-off could tighten Fed pricing and support CHF