19:05 UTC
Uptrend since Q1 2026 low, stalling below 0.84 · RSI 61 · price 0.82726
Higher lows from 0.7604, July high cleared in September, rejection at the 2026 high.
USDCHF has been in a trending regime since the Q1 2026 low at 0.7604. Higher lows at 0.7762 in May and 0.7950 in August track a rising trendline, and the September breakout above the July high at 0.8207 extended the move. Price holds above the ema20 near 0.8128 and the now-rising ema50 near 0.8059, and weekly RSI near 61 is not stretched. This week brought a rejection from 0.8395, the 2026 high, leaving a long upper wick and a close near the bar's low as softer US yields and a safe-haven CHF bid offset the Fed-SNB rate gap. The 2025 high at 0.8476 sits above.
Support: 0.8207, 0.8128, 0.8059
Resistance: 0.8395, 0.8476
What it said to watch
- Weekly close back below the july high at 0.8207 would put the September breakout in question and expose the ema20 near 0.8128
- Weekly close above the 2026 high at 0.8395 reopens the path toward the 2025 high at 0.8476
- Loss of the rising trendline and the ema50 near 0.8059 would end the uptrend read from the Q1 low
- US S&P Global PMIs on Fri Oct 23 and Fed speakers on hike pricing could move US yields, the main driver behind this week's rejection