Published: 2025-08-12T09:15:23.000Z
Chart USD/CHF Update: Choppy around 0.8100
Senior Technical Strategist
1
The break above 0.8100 has been pushed back from 0.8132
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8240 | ** | 61.8% ret of May-Jul fall | S1 | 0.8100 | * | congestion | |
| R3 | 0.8200 | ** | congestion | S2 | 0.8050 | break level | ||
| R2 | 0.8170 | * | 1 Aug (w) high, 50% ret | S3 | 0.8000 | ** | congestion | |
| R1 | 0.8132 | 11 Aug high | S4 | 0.7900 | congestion |
Asterisk denotes strength of level
10:00 BST - The break above 0.8100 has been pushed back from 0.8132, as overbought intraday studies unwind, with prices currently trading just above 0.8100. A break will open up intraday support around 0.8050. But mixed daily readings and rising weekly charts should limit any tests in renewed consolidation. Following cautious trade, fresh gains are looked for. But a close above critical resistance at the 0.8170 weekly high of 1 August and Fibonacci retracement is needed to turn sentiment positive and confirm continuation of July gains.