Multi-month uptrend intact: USDCHF has carved a steady higher-high, higher-low chain off the ~0.7760 April low, holding above a rising EM(50) throughout. The move accelerated over the last two weeks on the Fed-SNB divergence theme — a hawkish-leaning Fed against an SNB seen anchored at zero — driving seven straight up sessions into the 0.8200 psych level. RSI near 72 shows the run is stretched into genuine D1 overbought as price probes fresh highs.
Support: 0.8150, 0.8100, 0.8060
Resistance: 0.8200, 0.8250
What it said to watch
FOMC Wednesday is the dominant near-term driver — a hawkish outcome opens the path above the 0.8200 psych level toward 0.8250
A daily close back below 0.8150 breakout would signal momentum fading
Failure to hold 0.8100 would break the recent higher-low structure
RSI overbought — first pullback since the current leg would relieve the stretch
21:02 UTC
Uptrend, extended · RSI 72 · price 0.81956
Chain of higher highs and higher lows since June.
USDCHF is in a multi-month uptrend, printing higher highs and higher lows since the June breakout above 0.8000, with price holding above a rising EMU(50). CHF's funding-currency role and the hawkish-Fed rate-gap theme have driven roughly seven straight up-days into 0.8200, but RSI near 71 shows the leg is stretched. The pair is testing the 0.8200 psych level after clearing 0.8150 as prior resistance.
Support: 0.8150, 0.8080, 0.8000
Resistance: 0.8200, 0.8215, 0.8300
What it said to watch
FOMC decision Wed 18:00 UTC is the dominant driver — a hike would extend the rate gap, a dovish hold risks a pullback off 0.8200
Clean daily close above 0.8215 range top exposes 0.8300 psych
Failure to hold 0.8150 recent pivot signals loss of upside momentum
RSI near overbought — watch for bearish rsi divergence if 0.8200 caps