Technical analysis 31 October 2025 USD/CHF H-1 
Technical Analysis Summary The pair is currently in a short-term consolidation phase just below a key resistance level. The previous trend was bullish, but the momentum seems to be slowing down, leading to a period of indecision.
Key Levels. * Resistance: A clear horizontal resistance level is identified on the chart near 0.8016. The price has tested this level multiple times since October 30 and has failed to break above it so far. *
Support: The previous swing high area, around 0.7990, could now act as the nearest support level.
???? Indicator Analysis * Price Action: * Price has stalled after a strong rally from October 28 to October 30. * In the recent consolidation phase (late October 30 - early October 31), the candles are short, indicating strong buying and selling pressure and lack of uncertainty in the market. *
RSI (14): * The RSI is at 58.83. * Being above 50, it still indicates that bullish momentum is prevailing. * However, the RSI line is moving sideways, reflecting price consolidation and confirming the current break in the trend. It is not in the overbought territory (above 70).
MACD (12, 26, 9): * The MACD line is above the zero line, confirming the overall bullish bias of the recent trend. * However, the histogram (gray bars) is positive but is contracting in height. This suggests that the bullish momentum is weakening or slowing down.
????️ Possible scenarios. * Bullish breakout: A convincing close above the 0.8016 resistance level would signal a continuation of the uptrend. Traders would look for bullish momentum to confirm the breakout (e.g., RSI rising, MACD histogram rising).
Bearish rejection: If the price fails to break 0.8016 and instead breaks below the recent lower consolidation low (around 0.7990), this could signal a short-term reversal or deeper pullback. This woud be supported by the RSI falling below 50 and the MACD crossing below its signal line (which would turn the histogram negative). *
Range continuation: The pair could continue to move sideways between 0.8016 and 0.7990 as the market decides on its next directional move.
