Chart USD/CHF Update: Balanced beneath year highs
Little change, as mixed intraday studies and flattening overbought daily stochastics prompt cautious trade within the 0.8150 - 0.8200/07 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8300 | congestion | S1 | 0.8150 | congestion | |||
| R3 | 0.8250 | * | congestion | S2 | 0.8100 | * | congestion | |
| R2 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S3 | 0.8050 | break level | ||
| R1 | 0.8200/07 | ** | cong; 29 Jul YTD high | S4 | 0.8000 | ** | congestion |
Asterisk denotes strength of level
09:10 BST - Little change, as mixed intraday studies and flattening overbought daily stochastics prompt cautious trade within the 0.8150 - 0.8200/07 range. The daily Tension Indicator continues to rise and broader weekly charts are mixed/positive, highlighting room for fresh gains in the coming sessions. However, a close above critical resistance at congestion around 0.8200 and the 0.8207 current year high of 29 July and the 0.8220 Fibonacci retracement is needed to improve sentiment and extend January gains initially towards congestion around 0.8250. Still higher is 0.8300.
Meanwhile, support remains at congestion around 0.8150 and extends to 0.8100. This range should underpin any immediate setbacks.