Published: 2025-08-05T08:27:18.000Z
Chart USD/CHF Update: Immediate gains to remain limited
Senior Technical Strategist
-
Little change, as prices extend choppy trade around congestion resistance at 0.8100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | ** | congestion | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8170 | * | 50% ret of May-Jul fall | S2 | 0.7900 | congestion | ||
| R2 | 0.8150 | 30 Jul high | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R1 | 0.8100 | * | congestion | S4 | 0.7800 | figure |
Asterisk denotes strength of level
09:20 BST - Little change, as prices extend choppy trade around congestion resistance at 0.8100. Intraday studies are rising, suggesting room for a test above here. But unwinding overbought daily stochastics and the flattening positive daily Tension Indicator are expected to limit initial scope in renewed selling interest beneath 0.8170. Meanwhile, support is at congestion around 0.8000. A break beneath here, if seen, will open up further congestion around 0.7900, where rising weekly charts should prompt fresh buying interest.