Published: 2025-08-13T08:58:55.000Z
Chart USD/CHF Update: Leaning lower
Senior Technical Strategist
1
Consolidation above 0.8050 has given way to the anticipated break
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170 | * | 1 Aug (w) high, 50% ret | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8132 | 11 Aug high | S2 | 0.7900 | congestion | |||
| R2 | 0.8100 | * | congestion | S3 | 0.7872 | ** | 1 Jul YTD low | |
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:45 BST - Consolidation above 0.8050 has given way to the anticipated break, as intraday studies turn down once again, with focus turning to congestion support at 0.8000. Mixed daily readings are also turning down, highlighting room for a test beneath here. But rising weekly charts should limit scope in renewed buying interest/consolidation above congestion around 0.7900. Meanwhile, resistance is at 0.8050. A close back above here will turn sentiment neutral once again and prompt consolidation beneath congestion around 0.8100.