Published: 2025-08-19T08:27:48.000Z
Chart USD/CHF Update: Cautious trade
Senior Technical Strategist
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Still little change, as prices extend cautious trade above support at 0.8050
| 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 - Still little change, as prices extend cautious trade above support at 0.8050. Intraday studies are turning down and daily readings are falling, highlighting room for a test below here towards congestion support at 0.8000. However, already oversold daily stochastics and rising weekly charts should limit any initial tests in renewed consolidation. Meanwhile, resistance remains at congestion around 0.8100 and should cap any immediate tests higher.