Published: 2026-07-21T08:21:14.000Z
Chart USD/CHF Update: Cautious trade - background studies improving
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Cautious trade has given way to a push higher to congestion resistance at 0.8100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | * | congestion | S1 | 0.8050 | break level | ||
| R3 | 0.8150 | ** | 14 Jul YTD high | S2 | 0.8000/10 | ** | congestion; 2 Jul (w) low | |
| R2 | 0.8125 | ** | 5 November 2025 (m) high | S3 | 0.7950 | * | congestion | |
| R1 | 0.8100 | * | congestion | S4 | 0.8000 | ** | congestion |
Asterisk denotes strength of level
09:10 BST - Cautious trade has given way to a push higher to congestion resistance at 0.8100, where overbought intraday studies are prompting fresh consolidation. Just higher is critical resistance within the 0.8125 - 0.8150 range. But mixed daily readings should limit any initial tests of this range in consolidation, before rising weekly and longer-term charts prompt a break. A later close above the 0.8150 current year high of high of 14 July will turn sentiment positive and confirm continuation of January gains. Meanwhile, support is at 0.8050 and should underpin any immediate setbacks.