Chart USD/CHF Update: Under pressure in both USD- and CHF-driven trade
Cautious trade around 0.8100 is giving way to a break lower in both USD- and CHF-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170 | ** | 1 August 2025 (m) high | S1 | 0.8040/43 | ** | Jan-Mar (m) highs | |
| R3 | 0.8140 | 24 Jun YTD high | S2 | 0.8000 | ** | congestion | ||
| R2 | 0.8125 | ** | 5 November 2025 (m) high | S3 | 0.7950 | * | congestion | |
| R1 | 0.8100 | * | congestion | S4 | 0.7900 | ** | congestion |
Asterisk denotes strength of level
09:15 BST - Cautious trade around 0.8100 is giving way to a break lower in both USD- and CHF-driven trade, with prices currently trading around 0.8080. Overbought daily stochastics are unwinding and the positive daily Tension Indicator is flattening, suggesting room for a pullback towards support at the 0.8040/43 highs from January-March. Further selling pressure will open up congestion around 0.8000. But positive weekly charts should limit any tests of here in renewed buying interest/consolidation. Meanwhile, a close back above 0.8100 will help to stabilise price action. But a close above the 0.8125 monthly high of 5 November 2025 and the 0.8140 current year high of 24 June is needed to improve sentiment and extend late-January gains towards the 0.8170 high of August.