Published: 2025-08-14T08:29:51.000Z
Chart USD/CHF Update: Daily studies remain under pressure
Senior Technical Strategist
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The break below 0.8050 has bounced from 0.8025~
| 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
09:15 BST - The break below 0.8050 has bounced from 0.8025~, as oversold intraday studies unwind, with prices once again trading above 0.8050. Daily readings continue to track lower, however, highlighting room for a later break back below 0.8050 towards congestion around 0.8000. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above congestion around 0.7900. Meanwhile, resistance is at congestion around 0.8100 and should cap any immediate tests higher.