Published: 2026-08-11T08:29:37.000Z
Chart USD/CHF Update: Gains to remain limited
2
Choppy trade has given way to a break above 0.8100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8250 | congestion | S1 | 0.8100 | * | congestion | ||
| R3 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S2 | 0.8050 | break level | ||
| R2 | 0.8200 | * | congestion | S3 | 0.8035 | * | 38.2% ret of May-Jul rally | |
| R1 | 0.8150 | congestion | S4 | 0.8000/10 | ** | congestion; 2 Jul (w) low |
Asterisk denotes strength of level
09:20 BST - Choppy trade has given way to a break above 0.8100, with prices currently trading around 0.8110. Rising intraday studies highlight room for continuation towards congestion resistance at 0.8150. But mixed/negative daily readings and bearish weekly charts should limit any tests in renewed selling interest/consolidation. Following cautious/corrective trade, fresh losses are looked for. A close back below 0.8100 will put prices in fresh consolidation above 0.8050. However, a close below the 0.8035 Fibonacci retracement will add weight to sentiment and extend late-July losses below 0.8000/10 towards the 0.7985 retracement.