Published: 2025-09-03T08:11:15.000Z
Chart USD/CHF Update: Consolidating - daily studies improving
Senior Technical Strategist
1
Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170 | * | 1 Aug (w) high, 50% ret | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8132 | 11 Aug (w) high | S2 | 0.7900 | congestion | |||
| R2 | 0.8100 | * | congestion | S3 | 0.7872 | ** | 1 Jul YTD low | |
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:05 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation around resistance at 0.8050. Oversold daily stochastics are unwinding and the daily Tension Indicator is turning up, suggesting room for a break above here towards congestion around 0.8100. However, mixed weekly charts are expected to limit any further immediate gains in renewed consolidation beneath critical resistance at 0.8170. Meanwhile, support remains at congestion around 0.8000. A close beneath here, if seen, would add weight to sentiment and extend August losses towards further congestion around 0.7900.