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USDCHF Technical Analysis – 26th JAN, 2026
USDCHF – On 26th January 2026, USD/CHF slipped to a low of 0.7724
USD/CHF Technical Analysis – 26th January 2026
On 26th January 2026, USD/CHF slipped to a low of 0.7724, a level that underscored the pair’s ongoing bearish trajectory and highlighted the presence of defensive bids near the 0.7720 psychological threshold. The candle structure was broad ranged with a pronounced lower wick, reflecting how sellers initially pressed momentum but were met with firm demand as buyers stepped in to absorb supply. This rejection suggested that while the broader trend remained weak, short term exhaustion was beginning to emerge at this support zone.
On the daily chart, the short term structure leaned bearish, with the 20 day moving average positioned around 0.7790, acting as immediate overhead resistance. The 50 day average, sloping downward from 0.7905, reinforced medium term weakness, while the 200 day average at 0.8150 confirmed the longer term bearish bias. Momentum indicators reflected caution: RSI readings hovered near 36, edging into oversold territory, while MACD values remained negative but showed signs of flattening, suggesting that downside strength was losing intensity.
Intraday dynamics on the four hour chart revealed stretched conditions. Stochastic oscillators dipped into the low 30s, flashing oversold signals. Price stalled as buyers defended the 0.7720–0.7725 band, while resistance was layered at 0.7790 and 0.7850. Volatility compressed into a narrowing corridor, often a precursor to breakout attempts, but the balance of flows suggested hesitation rather than conviction.
The weekly perspective provided broader context. Since the August 2025 peak near 0.8520, USD/CHF has carved a descending sequence of lower highs and lower lows, underscoring the resilience of the bearish framework. Average True Range readings around 0.0060 reflected controlled but directional swings. Fibonacci retracement mapping from the August 2025 high at 0.8520 to the January 2026 low at 0.7724 highlighted key checkpoints: 38.2% at 0.8020, 50% at 0.8120, and 61.8% at 0.8220. The 0.7724 low marked the completion of this downward leg, reinforcing its role as a decisive support zone where buyers were expected to regroup.
Sentiment at this juncture was shaped by the tension between short term oversold conditions and longer term bearish conviction. Institutional flows appeared to accumulate cautiously near the 0.7720 floor, while retail positioning remained defensive given the prevailing downtrend. The ability of the pair to sustain above 0.7724 was critical, as holding this level would preserve the corrective narrative and invite renewed buying interest.
Looking forward, continuation of the recovery requires a clean break above 0.7790, which would open the path toward 0.7905 and eventually 0.8020, aligning with Fibonacci retracement checkpoints. Conversely, a slip back below 0.7720 would expose the pair to further downside pressure toward 0.7680 and 0.7600, levels that coincide with prior swing lows and medium term support. Until a decisive breakout occurs, range bound trading between 0.7720 and 0.7790 is likely to dominate, offering tactical opportunities for short term traders while the broader downtrend remains intact.
In summary, USD/CHF’s dip to 0.7724 on 26th January 2026 was less a breakdown and more a reaffirmation of structural support. The interplay of moving averages, Fibonacci retracement, and momentum signals pointed to a market pausing at a critical juncture, with buyers defending demand and sellers awaiting confirmation for the next directional move.
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...
USDCHF – On 26th January 2026, USD/CHF slipped to a low of 0.7724
USD/CHF Technical Analysis – 26th January 2026
On 26th January 2026, USD/CHF slipped to a low of 0.7724, a level that underscored the pair’s ongoing bearish trajectory and highlighted the presence of defensive bids near the 0.7720 psychological threshold. The candle structure was broad ranged with a pronounced lower wick, reflecting how sellers initially pressed momentum but were met with firm demand as buyers stepped in to absorb supply. This rejection suggested that while the broader trend remained weak, short term exhaustion was beginning to emerge at this support zone.
On the daily chart, the short term structure leaned bearish, with the 20 day moving average positioned around 0.7790, acting as immediate overhead resistance. The 50 day average, sloping downward from 0.7905, reinforced medium term weakness, while the 200 day average at 0.8150 confirmed the longer term bearish bias. Momentum indicators reflected caution: RSI readings hovered near 36, edging into oversold territory, while MACD values remained negative but showed signs of flattening, suggesting that downside strength was losing intensity.
Intraday dynamics on the four hour chart revealed stretched conditions. Stochastic oscillators dipped into the low 30s, flashing oversold signals. Price stalled as buyers defended the 0.7720–0.7725 band, while resistance was layered at 0.7790 and 0.7850. Volatility compressed into a narrowing corridor, often a precursor to breakout attempts, but the balance of flows suggested hesitation rather than conviction.
The weekly perspective provided broader context. Since the August 2025 peak near 0.8520, USD/CHF has carved a descending sequence of lower highs and lower lows, underscoring the resilience of the bearish framework. Average True Range readings around 0.0060 reflected controlled but directional swings. Fibonacci retracement mapping from the August 2025 high at 0.8520 to the January 2026 low at 0.7724 highlighted key checkpoints: 38.2% at 0.8020, 50% at 0.8120, and 61.8% at 0.8220. The 0.7724 low marked the completion of this downward leg, reinforcing its role as a decisive support zone where buyers were expected to regroup.
Sentiment at this juncture was shaped by the tension between short term oversold conditions and longer term bearish conviction. Institutional flows appeared to accumulate cautiously near the 0.7720 floor, while retail positioning remained defensive given the prevailing downtrend. The ability of the pair to sustain above 0.7724 was critical, as holding this level would preserve the corrective narrative and invite renewed buying interest.
Looking forward, continuation of the recovery requires a clean break above 0.7790, which would open the path toward 0.7905 and eventually 0.8020, aligning with Fibonacci retracement checkpoints. Conversely, a slip back below 0.7720 would expose the pair to further downside pressure toward 0.7680 and 0.7600, levels that coincide with prior swing lows and medium term support. Until a decisive breakout occurs, range bound trading between 0.7720 and 0.7790 is likely to dominate, offering tactical opportunities for short term traders while the broader downtrend remains intact.
In summary, USD/CHF’s dip to 0.7724 on 26th January 2026 was less a breakdown and more a reaffirmation of structural support. The interplay of moving averages, Fibonacci retracement, and momentum signals pointed to a market pausing at a critical juncture, with buyers defending demand and sellers awaiting confirmation for the next directional move.
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...