Chart USD/CHF Update: Leaning lower in USD- and CHF-driven trade
The anticipated test above congestion resistance at 0.8150 has not been seen
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8300 | ** | congestion | S1 | 0.8100 | * | congestion | |
| R3 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S2 | 0.8050 | break level | ||
| R2 | 0.8200/07 | ** | cong; 29 Jul YTD high | S3 | 0.8000 | ** | congestion | |
| R1 | 0.8150 | congestion | S4 | 0.7950 | * | 20 Aug (w) low |
Asterisk denotes strength of level
09:35 BST - The anticipated test above congestion resistance at 0.8150 has not been seen, as prices reverse lower in both USD- and CHF-driven trade. Congestion support is under pressure, but negative intraday studies and flattening overbought daily stochastics highlight room for a break and continuation down to 0.8050. The positive daily Tension Indicator could limit any initial tests in consolidation, before deteriorating weekly charts prompt further losses.
Meanwhile, a close above 0.8150, if seen, will help to stabilise price action and give way to consolidation beneath critical resistance at further congestion around 0.8200 and the 0.8207 current year high of 29 July.