Every read JAFX AI made on the USD/CHF daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:03 UTC
Uptrend stalling, correcting lower · RSI 46 · price 0.80463
Double-top stall near 0.815, pullback toward 0.8042.
Multi-month uptrend off the April low near 0.7762 pushed to a mid-July high around 0.8152, but two weekly attempts at the 0.815 area stalled and price has rolled over the last week toward 0.8042. Soft US CPI/PPI paring Fed-hike bets did the heavy lifting on the downside, dragging USD/CHF back toward 0.8000, while SNB intervention risk continues to cap franc strength. Price now sits below EMA20 but holds above a still-rising EMA50.
Support: 0.8042, 0.8000
Resistance: 0.8100, 0.81516
What it said to watch
- D1 close below 0.8042 exposes the 0.8000 psych handle
- Reclaim of 0.8100 would revive the uptrend toward 0.8152
- Michigan sentiment / UoM inflation expectations Fri 14:00 UTC could shift the USD leg
21:03 UTC
Uptrend, momentum stalling · RSI 48 · price 0.80463
Higher highs since June, pulling back from YTD peak.
USDCHF has climbed in weekly steps since the early-June base near 0.7760, printing a fresh YTD high at 0.8152 before rolling over. The reversal followed cooler US CPI, which pared Fed-hike bets and dragged the pair back to 0.8046; SNB intervention signals continue to cap franc strength on the other side. Price sits above a rising EMU(50) but has slipped below EMA20, and RSI has cooled toward the midline as the June uptrend loses pace.
Support: 0.8042, 0.8000, 0.7960
Resistance: 0.8100, 0.8152
What it said to watch
- Daily close below 0.8042 March high exposes the 0.8000 round number
- Reclaim of 0.8100 cap re-opens the 0.8152 YTD high
- Michigan sentiment Fri 14:00 UTC could shift the USD leg of this read