Published: 2026-07-31T09:05:05.000Z
Chart USD/CHF Update: Under pressure
2
Consolidation has given way to sharp losses in heightened volatility
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S1 | 0.8050 | break level | ||
| R3 | 0.8200 | * | congestion | S2 | 0.8035 | * | 38.2% ret of May-Jul rally | |
| R2 | 0.8150 | congestion | S3 | 0.8000/10 | ** | congestion; 2 Jul (w) low | ||
| R1 | 0.8100 | * | congestion | S4 | 0.7985 | ** | 50% ret of May-Jul rally |
Asterisk denotes strength of level
09:35 BST - Consolidation has given way to sharp losses in heightened volatility, with prices reaching support at 0.8050 before settling into consolidation. Daily readings are under pressure and overbought weekly stochastics are unwinding, highlighting room for further losses in the coming sessions. A break beneath 0.8050 will open up the 0.8035 Fibonacci retracement, with room for continuation to 0.8000/10. Meanwhile,, resistance is lowered to congestion around 0.8100. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath further congestion around 0.8150.