Chart USD/CHF Update: Cautious trade - studies under pressure
Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around congestion resistance at 0.8100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S1 | 0.8050 | break level | ||
| R3 | 0.8200/07 | ** | cong; 29 Jul YTD high | S2 | 0.8000 | ** | congestion | |
| R2 | 0.8150 | congestion | S3 | 0.7950 | * | 20 Aug (w) low | ||
| R1 | 0.8100 | * | congestion | S4 | 0.7930 | ** | 61.8% ret of May-Jul rally |
Asterisk denotes strength of level
09:20 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around congestion resistance at 0.8100. Daily readings are turning mixed/negative and broader weekly charts are under pressure, highlighting a deterioration in sentiment and difficulty sustaining any fresh tests above here. Any break should be limited in renewed selling interest beneath further congestion around 0.8150.
Following cautious/corrective trade, fresh losses are looked for. A later close below 0.8050 will add weight to sentiment and put focus initially on congestion around 0.8000.