21:02 UTC
Broad range, recent rally fading · RSI 54 · price 0.79365
Multi-month range 0.7760–0.8040, holding above EMA50.
USDCHF has chopped within a 0.7760–0.8040 range for the better part of four months, with price still holding above a rising EMA50. The early-May leg up off 0.7762 stalled near the 0.8000 psych level and the 0.80127 area before this week's pullback, which dragged price back below EMA20 to 0.7936 as the US-Iran ceasefire drained the safe-haven USD bid. Two prior pushes into 0.8000–0.8042 have rejected, keeping the broader read sideways rather than trending.
Support: 0.7920, 0.7872, 0.7760
Resistance: 0.8000, 0.8042
What it said to watch
- Failure to hold 0.7920 channel support opens the path back toward the 0.7872 swing low
- A daily close above 0.8000 psych re-tests the 0.8042 march high and the range top
- FOMC Wed 18:00 UTC and SNB Thu 07:30 UTC are the dominant catalysts and could reset this range read