CHF – Sellers still in control
|$CHF looks poised to continue its downward progression, with .7628 to .7601 looking increasingly attractive. The rejection from the 9‑day M/S and the 23.6% Fib is telling, reinforcing that the broader trend in $Swissy remains firmly to the downside — a trend that has been in place for several years.
Once we broke through the congestion area from late Sept ’25 to Jan ’26, traders acted quickly, driving price sharply lower within just three days into the .7600 region.
For today, .7700 to .7712 stands out as the zone where sellers are likely to re‑enter. The Daily Pivot Point sits at .7686, and so far price has held this area. A break below the pivot today — combined with failure at the designated resistance levels — would not be supportive for the USD.
Keep in mind:
- The break of the congestion zone.
- The bounce from .7602 being capped at the 50% Fib.
- The dominant multi‑year downtrend.
All of this points to sellers remaining firmly in charge on any rally.
Today’s Pivot Points:
DP: .7686.
R1: .7710.
R2: .7728.
R3: .7770.
R4: .7812.
S1: .7668.
S2: .7644.
S3: .7602.
S4: .7560.
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