Published: 2026-09-01T08:39:01.000Z
Chart USD/CHF Update: Pushing higher in USD- and CHF-driven trade
3
Sharp gains have reached congestion resistance at 0.8100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S1 | 0.8050 | break level | ||
| R3 | 0.8200/07 | ** | cong; 29 Jul YTD high | S2 | 0.8000 | ** | congestion | |
| R2 | 0.8150 | congestion | S3 | 0.7950 | * | 20 Aug (w) low | ||
| R1 | 0.8100 | * | congestion | S4 | 0.7930 | ** | 61.8% ret of May-Jul rally |
Asterisk denotes strength of level
09:30 BST - Sharp gains have reached congestion resistance at 0.8100, where fresh consolidation is developing. Daily stochastics and the daily Tension Indicator are rising, suggesting room for a break, with USD- and CHF-driven gains then focusing on further congestion around 0.8150. However, daily stochastics are already approaching overbought areas and broader weekly charts are falling, suggesting any further gains should be limited in profit-taking beneath critical resistance at 0.8200/07.
Meanwhile, support is at 0.8050. Any immediate setbacks should be limited in consolidation above here.