FX.co ★ Aimee | USD/CHF

Technical Analysis 09 October 2026 USD/CHF H-1 The USD/CHF 1-hour chart exhibits a corrective pullback following a steady recovery off recent lows. Price action is currently testing a crucial horizontal pivot level around the moving average line, offering clear breakout and bounce setups. 1. Core Price Action & Structure * Current Price: 0.83124 * Immediate Resistance Zone: 0.83320 – 0.83645 (Upper bound of the recent horizontal range where buyers faced immediate rejection). * Immediate Support Zone: 0.82995 – 0.82670 (Key demand region that capped previous downside momentum). * Moving Average Dynamic: Price is pressing directly into its short-term moving average line around 0.83124, indicating a pivotal decision point between trend continuation and further decline. 2. Indicator Confluence * Relative Strength Index (RSI - 14): Currently reading 40.58. This signals mild bearish bias and downward momentum without reaching oversold territory. * MACD (12, 26, 9): Positioned at -0.000439 / -0.000243 below the signal line. Negative histogram values point toward short-term momentum leaning to the downside. * Bears Power (13): Reads -0.000927, reflecting moderate seller involvement as price tests support. 3. Strategic Entry Scenarios Scenario A: Bearish Breakdown (Short Entry) * Entry Trigger: A sustained 1-hour candle close below 0.82995 confirming a break under the horizontal support line. * Stop Loss: 0.83320 (above short-term resistance and the moving average line). * Take Profit Targets: * Target 1: 0.82670 * Target 2: 0.82345 Scenario B: Bullish Reversal (Long Entry) * Entry Trigger: A strong 1-hour bullish reversal candle closing back above 0.83320, indicating buyers have defended the support zone. * Stop Loss: 0.82995 (below immediate support). * Take Profit Targets: * Target 1: 0.83645 * Target 2: 0.83970 Risk Management Note Trading around the 0.83124 horizontal level carries short-term choppy risk as MACD and RSI align negatively while price tests support. Wait for a verified breakout close beyond 0.82995 or 0.83320 to validate high-probability entries. Maintain a risk-to-reward ratio of at least 1:2 on all setups.