Published: 2026-08-03T08:38:08.000Z
Chart USD/CHF Update: Choppy in range - studies under pressure
1
Little change, as prices extend 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
09:20 BST - Little change, as prices extend choppy trade within the 0.8050 - 0.8100 range. Rising intraday studies highlight room for a test of congestion resistance at 0.8100. But negative daily readings and deteriorating weekly chart should limit any break in renewed selling interest beneath further congestion around 0.8150. 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 continuation to 0.8000/10.