Chart USD/CHF Update: Room for lower in both USD- and CHF-driven trade
The test of congestion resistance at 0.8100 is giving way to a drift lower
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | * | congestion | S1 | 0.8050 | break level | ||
| R3 | 0.8140 | 24 Jun YTD high | S2 | 0.8000/10 | ** | congestion; 2 Jul (w) low | ||
| R2 | 0.8125 | ** | 5 November 2025 (m) high | S3 | 0.7950 | * | congestion | |
| R1 | 0.8100 | * | congestion | S4 | 0.8000 | ** | congestion |
Asterisk denotes strength of level
09:15 BST - The test of congestion resistance at 0.8100 is giving way to a drift lower, as intraday studies turn down, with immediate focus back on support at 0.8050 in both USD- and CHF-driven trade. Daily studies are under pressure and overbought weekly stochastics are turning down, highlighting room for a break beneath 0.8050. Focus will then turn to congestion around 0.8000 and the 0.8010 weekly low of 2 July. But the rising weekly Tension Indicator could limit any initial tests in consolidation. Meanwhile, a close above 0.8100, if seen, will help to stabilise price action. But a further close above 0.8125/40 is needed to turn sentiment positive and confirm continuation of January gains.