Published: 2026-08-06T08:16:53.000Z
Chart USD/CHF Update: Cautious trade - studies under pressure
1
Still little change, as prices extend cautious/choppy trade within the 0.8050 - 0.8100 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S1 | 0.8050 | break level | ||
| R3 | 0.8200 | * | congestion | S2 | 0.8035 | * | 38.2% ret of May-Jul rally | |
| R2 | 0.8150 | congestion | S3 | 0.8000/10 | ** | congestion; 2 Jul (w) low | ||
| R1 | 0.8100 | * | congestion | S4 | 0.7985 | ** | 50% ret of May-Jul rally |
Asterisk denotes strength of level
09:10 BST - Still little change, as prices extend cautious/choppy trade within the 0.8050 - 0.8100 range. Oversold intraday studies are unwinding, suggesting room for a test higher. But deteriorating daily readings and bearish weekly charts should limit scope in renewed selling interest towards congestion resistance at 0.8100. Following cautious/corrective trade, fresh losses are looked for. A later break below 0.8050 will open up the 0.8035 Fibonacci retracement, with room for extension of late-July losses to 0.8000/10.