Published: 2025-09-05T08:11:17.000Z
Chart USD/CHF Update: Balanced in range
Senior Technical Strategist
-
Little change, as prices extend consolidation around resistance at 0.8050
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170 | * | 1 Aug (w) high, 50% ret | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8132 | 11 Aug (w) high | S2 | 0.7900 | congestion | |||
| R2 | 0.8100 | * | congestion | S3 | 0.7872 | ** | 1 Jul YTD low | |
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:05 BST - Little change, as prices extend consolidation around resistance at 0.8050. Daily stochastics are rising and the daily Tension Indicator is turning up, suggesting room for a break above here towards congestion around 0.8100. However, mixed weekly charts are expected to limit any further immediate gains in renewed consolidation beneath critical resistance at 0.8170. Meanwhile, support remains at congestion around 0.8000. A close beneath here, if seen, would add weight to sentiment and extend August losses towards further congestion around 0.7900.