Published: 2026-07-22T08:41:34.000Z
Chart USD/CHF Update: Edging higher - studies continue to improve
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Cautious trade has given way to a test above the 0.8125 monthly high of 5 November
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S1 | 0.8100 | * | congestion | |
| R3 | 0.8200 | * | congestion | S2 | 0.8050 | break level | ||
| R2 | 0.8150 | ** | 14 Jul YTD high | S3 | 0.8000/10 | ** | congestion; 2 Jul (w) low | |
| R1 | 0.8125 | ** | 5 November 2025 (m) high | S4 | 0.7950 | * | congestion |
Asterisk denotes strength of level
09:30 BST - Cautious trade has given way to a test above the 0.8125 monthly high of 5 November, before settling lower as intraday studies turn down. Focus is on congestion support at 0.8100. But rising daily readings and positive weekly charts should prompt renewed buying interest towards here. Following cautious/corrective trade, fresh gains are looked for. However, a close above the 0.8150 current year high of high of 14 July is needed to turn sentiment positive and confirm continuation of January gains. Meanwhile, a close back below 0.8100 would turn sentiment neutral once again and prompt consolidation above 0.8050.