Chart USD/CHF Update: Room for higher
Cautious trade has given way to a break above 0.8100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8250 | congestion | S1 | 0.8100 | * | congestion | ||
| R3 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S2 | 0.8050 | break level | ||
| R2 | 0.8200/07 | ** | cong; 29 Jul YTD high | S3 | 0.8000 | ** | congestion | |
| R1 | 0.8150 | congestion | S4 | 0.7950 | * | 20 Aug (w) low |
Asterisk denotes strength of level
09:15 BST - Cautious trade has given way to a break above 0.8100, with prices all-but reaching congestion resistance at 0.8150 before settling into fresh consolidation. Both intraday and daily studies are rising and negative weekly stochastics are flattening, suggesting an improvement in sentiment and room for a test above 0.8150. But the already overbought daily stochastics and the flat weekly Tension Indicator should limit initial scope in renewed consolidation beneath strong resistance at congestion around 0.8200 and the 0.8207 current year high of 29 July.
Meanwhile, a close back below 0.8100 will turn sentiment neutral once again and prompt consolidation above 0.8050.