Published: 2025-08-08T08:27:02.000Z
Chart USD/CHF Update: Consolidating
Senior Technical Strategist
1
Little change, as prices extend cautious trade within the 0.8050-0.8100 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8240 | ** | 61.8% ret of May-Jul fall | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8200 | ** | congestion | S2 | 0.7900 | congestion | ||
| R2 | 0.8170 | * | 1 Aug (w) high, 50% ret | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | |
| R1 | 0.8100 | * | congestion | S4 | 0.7800 | figure |
Asterisk denotes strength of level
09:15 BST - Little change, as prices extend cautious trade within the 0.8050-0.8100 range. Intraday studies are edging higher, suggesting room for a test of congestion resistance at 0.8100. But mixed daily readings should limit any break in renewed selling interest beneath critical resistance at the 0.8170 weekly high of 1 August and Fibonacci retracement. Meanwhile, support remains down to congestion around 0.8000. Rising weekly charts should limit any break beneath here in fresh buying interest/consolidation above further congestion around 0.7900.