Published: 2026-08-21T08:29:54.000Z
Chart USD/CHF Update: Consolidating - studies remain under pressure
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Little change, as prices extend cautious/choppy trade around congestion resistance at 0.8000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8150 | congestion | S1 | 0.7950 | * | 20 Aug low | ||
| R3 | 0.8100 | * | congestion | S2 | 0.7930 | ** | 61.8% ret of May-Jul rally | |
| R2 | 0.8050 | break level | S3 | 0.7900 | * | congestion | ||
| R1 | 0.8000 | ** | congestion | S4 | 0.7865 | ** | 76.4% ret of May-Jul rally |
Asterisk denotes strength of level
09:10 BST - Little change, as prices extend cautious/choppy trade around congestion resistance at 0.8000. Rising intraday studies highlight potential for a test above here. But negative daily readings and deteriorating weekly charts should limit scope in renewed selling interest beneath resistance at 0.8050.
Following cautious/corrective trade, fresh losses are looked for. A later break below the 0.7950 low of 20 August will add weight to sentiment and extend late-July losses initially to the 0.7930 Fibonacci retracement. A further close beneath here will open up congestion around 0.7900.