21:03 UTC
Uptrend, overbought after range break · RSI 76 · price 0.82857
Mid-Sep breakout from 0.7950–0.8207 summer range, higher lows since late Aug.
USDCHF spent June to August in a summer range between the 0.7950 late-August low and the 0.8207 range top. It broke out in mid-September as the Fed's hike and the dovish SNB hold pushed the pair through the 0.8264 prior high. The pullback held the 0.8183 swing low on the rising Aug trend line, and the week closed near the 0.8298 cycle high with RSI above 75 and price well above a rising EMA(50).
Support: 0.8264, 0.8207, 0.8183
Resistance: 0.8298, 0.8330
What it said to watch
- The 0.8305–0.8330 cap zone above the 0.8298 cycle high is the area to watch for rejection or extension.
- A daily close back below the 0.8264 prior high would flag a failed breakout, and losing the 0.8207 range top reopens the summer range.
- A break of the Aug trend line and the 0.8183 swing low would end the higher-low sequence and expose the 38.2% retracement of the Aug low–high leg near 0.8165.
- US ADP/PCE on Wed 30 Sep and Swiss CPI on Thu 1 Oct could materially shift this read with RSI already stretched.