Chart USD/CHF Update: Resistance at 0.8150
Cautious trade has given way to a drift higher to 0.8145
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8250 | congestion | S1 | 0.8100 | * | congestion | ||
| R3 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S2 | 0.8050 | break level | ||
| R2 | 0.8200 | * | congestion | S3 | 0.8035 | * | 38.2% ret of May-Jul rally | |
| R1 | 0.8150 | congestion | S4 | 0.8000/10 | ** | congestion; 2 Jul (w) low |
Asterisk denotes strength of level
09:25 BST - Cautious trade has given way to a drift higher to 0.8145, where mixed intraday studies have prompted a pullback to 0.8130. Daily stochastics and the daily Tension Indicator continue to rise, suggesting room for a test of congestion resistance at 0.8150. But bearish weekly charts should promote renewed selling interest/consolidation towards here.
Following cautious/corrective trade, fresh losses are looked for. A close below congestion support at 0.8100 will put prices in fresh consolidation above 0.8050. However, a further close below the 0.8035 Fibonacci retracement will add weight to sentiment and extend late-July losses below 0.8000/10 towards the 0.7985 retracement.