Published: 2026-08-28T08:25:21.000Z
Chart USD/CHF Update: Quiet trade
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Consolidation above 0.8050 has given way to a drift lower as intraday studies turn down
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8150 | congestion | S1 | 0.8000 | ** | congestion | ||
| R3 | 0.8100 | * | congestion | S2 | 0.7950 | * | 20 Aug (w) low | |
| R2 | 0.8065~ | * | 26 Aug high | S3 | 0.7930 | ** | 61.8% ret of May-Jul rally | |
| R1 | 0.8050 | break level | S4 | 0.7900 | ** | congestion |
Asterisk denotes strength of level
09:20 BST - Consolidation above 0.8050 has given way to a drift lower as intraday studies turn down, with prices currently balanced beneath here. Daily stochastics continue to rise and the daily Tension Indicator is also turning positive, suggesting room for further gains in the coming sessions. But a break above the 0.8065~ high of 26 August is needed to improve sentiment and extend late-August gains towards congestion resistance at 0.8100. Negative weekly charts should limit any initial tests in fresh consolidation.
Meanwhile, support is down to congestion around 0.8000 and should underpin any immediate pullback.