Published: 2026-07-16T07:33:43.000Z
Chart USD/CHF Update: Under pressure
2
Pressure remains on the downside following rejection from the .8150 current year high to reach strong support at .8040
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8210 | * | 38.2% 2025/2026 fall | S1 | 0.8040 | ** | Jan, Mar highs | |
| R3 | 0.8170 | * | Aug high | S2 | 0.8010 | ** | 2 Jul low | |
| R2 | 0.8150 | ** | 13 Jul YTD high | S3 | 0.7950 | * | congestion | |
| R1 | 0.8100 | * | congestion | S4 | 0.7910/00 | * | 17 Jun low, congestion |
Asterisk denotes strength of level
07:30 GMT - Pressure remains on the downside following rejection from the .8150 current year high to reach strong support at .8040, January and March highs. Beneath here will expose the .8010, 2 July low, to retest. Would take break of the latter to open up room for deeper pullback within the bullish channel from the January year low. Lower will see scope to .7950 congestion and .7910 low of 17 June. Meanwhile, resistance at the .8100 congestion should cap corrective bounce. Only above here and .8150 high will further extend gains and retrace losses from the January 2025 year high.