Published: 2025-08-21T08:28:56.000Z
Chart USD/CHF Update: Extending cautious trade
Senior Technical Strategist
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The break below 0.8050 has bounced from 0.8025
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | ** | break level | S1 | 0.8050 | break level | ||
| R3 | 0.8170 | * | 1 Aug (w) high, 50% ret | S2 | 0.8000 | ** | congestion | |
| R2 | 0.8132 | 11 Aug (w) high | S3 | 0.7900 | congestion | |||
| R1 | 0.8100 | * | congestion | S4 | 0.7872 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
09:20 BST - The break below 0.8050 has bounced from 0.8025, as oversold intraday studies unwind, with prices once again trading above 0.8050. The daily Tension Indicator is under pressure, highlighting room for a fresh test beneath here towards strong support at congestion around 0.8000. But flat oversold daily stochastics and rising weekly charts are expected to limit any initial tests in fresh consolidation. Meanwhile, resistance remains at congestion at 0.8100 and extends to the 0.8132 weekly high of 11 August. This range should cap any immediate tests higher.