Published: 2025-07-17T08:19:13.000Z
Chart USD/CHF Update: Consolidating recent volatility - studies improving
Senior Technical Strategist
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Volatile trade is giving way to fresh consolidation
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8240 | ** | 61.8% ret of May-Jul fall | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8200 | * | congestion | S2 | 0.7900 | congestion | ||
| R2 | 0.8170 | * | 50% ret of May-Jul fall | S3 | 0.7870~ | ** | 1 Jul YTD low | |
| R1 | 0.8100 | * | cong, 38.2% ret | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:10 BST - Volatile trade is giving way to fresh consolidation, with prices once again balanced in cautious trade above congestion support at 0.8000. Daily stochastics are flat in overbought areas, suggesting room for further sideways trade. But the positive daily Tension Indicator and rising weekly charts highlight room for later fresh gains. Resistance remains at 0.8100. A close above here will improve sentiment and extend July gains initially towards the 0.8170 Fibonacci retracement. Meanwhile, a close below 0.8000, if seen, will turn sentiment neutral and prompt consolidation above further congestion around 0.7900.