Chart USD/CHF Update: Pressuring current year highs
Still little change, as prices extend cautious trade following the retest of resistance at congestion around 0.8200 and the 0.8207 current year high of 29 July
| 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
09:15 BST - Still little change, as prices extend cautious trade following the retest of resistance at congestion around 0.8200 and the 0.8207 current year high of 29 July. Daily stochastics are flat in overbought areas, suggesting room for further consolidation, before the positive daily Tension Indicator and improving weekly charts prompt a break. However, a close above 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.