Chart USD/CHF Update: Back in range
Cautious trade around 0.8080 has given way to a bounce
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8250 | * | congestion, June 2025 high | 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
09:15 BST - Cautious trade around 0.8080 has given way to a bounce, as oversold intraday studies unwind, with prices trading back above 0.8100. Daily stochastics have ticked higher, suggesting room for continuation towards congestion resistance at 0.8150. But the flat daily Tension Indicator and mixed/negative weekly charts should limit any initial tests in renewed consolidation.
Meanwhile, a close back below congestion support at 0.8100 will add weight to sentiment and open up 0.8050. But a further close below the 0.8035 Fibonacci retracement will turn sentiment negative and extend late-July losses initially towards support within the 0.7985 - 0.8000/10 range.