Published: 2026-08-04T08:30:31.000Z
Chart USD/CHF Update: Gains to remain limited
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The anticipated test of congestion resistance at 0.8100 has extended to 0.8115
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S1 | 0.8050 | break level | ||
| R3 | 0.8200 | * | congestion | S2 | 0.8035 | * | 38.2% ret of May-Jul rally | |
| R2 | 0.8150 | congestion | S3 | 0.8000/10 | ** | congestion; 2 Jul (w) low | ||
| R1 | 0.8100 | * | congestion | S4 | 0.7985 | ** | 50% ret of May-Jul rally |
Asterisk denotes strength of level
09:20 BST - The anticipated test of congestion resistance at 0.8100 has extended to 0.8115, before settling into consolidation around 0.8100. Oversold daily stochastics are ticking higher, suggesting room for a retest above here. But the negative daily Tension Indicator and deteriorating weekly chart should limit any break in renewed selling interest beneath further congestion around 0.8150. Following cautious/corrective trade, fresh losses are looked for. A later break below support at 0.8050 will open up the 0.8035 Fibonacci retracement, with room for continuation to 0.8000/10.