Published: 2025-08-18T08:25:46.000Z
Chart USD/CHF Update: Range trade
Senior Technical Strategist
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Little change, as prices extend cautious trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | ** | break level | S1 | 0.8050 | break level | ||
| R3 | 0.8170 | * | 1 Aug (w) high, 50% ret | S2 | 0.8000 | ** | congestion | |
| R2 | 0.8132 | 11 Aug high | S3 | 0.7900 | congestion | |||
| R1 | 0.8100 | * | congestion | S4 | 0.7872 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
09:20 BST - Little change, as prices extend cautious trade, following recent tests of support at 0.8050. Intraday studies are edging higher, suggesting room for a move towards congestion resistance at 0.8100. However, negative daily readings are expected to limit any initial tests in renewed consolidation. Broader weekly charts are rising, pointing to room for a later break towards critical resistance at 0.8170. Meanwhile, support remains at 0.8050 and extends to congestion around 0.8000. This range should underpin any immediate tests lower.