Published: 2026-08-25T08:27:30.000Z
Chart USD/CHF Update: Edging higher
-
Cautious trade around 0.8025 is giving way to further gains
| 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
09:250 BST - Cautious trade around 0.8025 is giving way to further gains, with focus remaining on resistance at 0.8050. Daily stochastics have ticked higher, suggesting room for a test. But the negative daily Tension Indicator and bearish weekly charts should limit any further gains in renewed selling interest beneath congestion resistance at 0.8100.
Meanwhile, support remains 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.