19:03 UTC
Uptrend since Jan 2026 low, stalling below 0.84 · RSI 60 · price 0.8213
Higher lows from 0.7604; Sep breakout above the 0.78–0.82 range, now retesting its top.
USDCHF has been in a recovery uptrend since the January 2026 low at 0.7604. In September it broke out of the 0.78–0.82 range that had held since mid-2025, as the Fed-SNB rate gap kept the Franc a funding currency. Price is now pulling back from the 2026 high at 0.8395 toward the 0.8200 range top, which lines up with the 23.6% retracement of the Jan-Oct 2026 rally, while holding above a rising W1 EMA(50) near 0.8062, so the macro structure is intact. Overhead, the 0.8300 round number and the 2025 high at 0.8476 cap the advance; RSI near 60 is mid-range and carries no signal at this timeframe.
Support: 0.8200, 0.8062, 0.7950
Resistance: 0.8300, 0.8395, 0.8476
What it said to watch
- A weekly close back below the 0.8200 range top would turn the September breakout into a false break and bring the ema50 near 0.8062 into view
- A weekly close above the 0.8395 2026 high opens the path to the 2025 high at 0.8476
- Fed decision Wed 28 Oct 18:00 UTC: December-hike signalling versus a neutral hold could materially shift this read
- Loss of the aug low at 0.7950 would break the rising support line and the higher-low sequence
- Bond-market or geopolitical stress reviving haven CHF demand would pressure the retest of the range top