Published: 2026-08-24T08:36:52.000Z
Chart USD/CHF Update: Limited tests higher
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Cautious trade has given way to the anticipated break above 0.8000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200/05~ | ** | congestion; 29 Jul YTD high | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8150 | congestion | S2 | 0.7950 | * | 20 Aug (w) low | ||
| R2 | 0.8100 | * | congestion | S3 | 0.7930 | ** | 61.8% ret of May-Jul rally | |
| R1 | 0.8050 | break level | S4 | 0.7900 | * | congestion |
Asterisk denotes strength of level
09:20 BST - Cautious trade has given way to the anticipated break above 0.8000, with prices currently trading around 0.8025. Oversold daily stochastics are ticking higher, suggesting room for a test of resistance at 0.8050. But the negative daily Tension Indicator and deteriorating weekly charts should limit any further gains in renewed selling interest within congestion beneath 0.8100.
Meanwhile, support is at 0.8000. But a close below the 0.7950 weekly low of 20 August will add weight to sentiment and extend late-July losses initially to the 0.7930 Fibonacci retracement. A further close beneath here will open up congestion around 0.7900.