Published: 2025-08-15T08:24:53.000Z
Chart USD/CHF Update: Range extension
Senior Technical Strategist
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The break above 0.8050 has been pushed back from beneath congestion resistance at 0.8100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | ** | break level | S1 | 0.8050 | break level | ||
| R3 | 0.8170 | * | 1 Aug (w) high, 50% ret | S2 | 0.8000 | ** | congestion | |
| R2 | 0.8132 | 11 Aug high | S3 | 0.7900 | congestion | |||
| R1 | 0.8100 | * | congestion | S4 | 0.7872 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
09:10 BST - The break above 0.8050 has been pushed back from beneath congestion resistance at 0.8100, with prices once again balanced around support at 0.8050. Intraday studies are turning down, and daily readings are also under pressure, highlighting room for a later break back below 0.8050 towards congestion around 0.8000. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above congestion around 0.7900. Meanwhile, any immediate tests higher should meet renewed selling pressure towards 0.8100.