Chart USD/CHF Update: Under pressure in both USD- and CHF-driven trade
Consolidation has given way to anticipated losses in both USD- and CHF-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8140 | 24 Jun YTD high | S1 | 0.8000 | ** | congestion | ||
| R3 | 0.8125 | ** | 5 November 2025 (m) high | S2 | 0.7950 | * | congestion | |
| R2 | 0.8100 | * | congestion | S3 | 0.8000 | ** | congestion | |
| R1 | 0.8065 | * | break level | S4 | 0.7950 | * | congestion |
Asterisk denotes strength of level
09:05 BST - Consolidation has given way to anticipated losses in both USD- and CHF-driven trade, with prices meeting buying interest just above congestion support at 0.8000. Intraday studies are under pressure and daily readings are also bearish, highlighting room for further weakness in the coming sessions. A break beneath here will add weight to sentiment and extend late-June losses towards further congestion around 0.7950. However, by-then oversold daily stochastics and mixed/positive weekly charts should prompt short-covering/consolidation above here. Meanwhile, resistance is lowered to 0.8065. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath congestion around 0.8100.