Chart USD/CHF Update: Approaching year highs
Minor consolidation beneath 0.8150 has given way to the anticipated break higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8300 | congestion | S1 | 0.8150 | congestion | |||
| R3 | 0.8250 | * | congestion | S2 | 0.8100 | * | congestion | |
| R2 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S3 | 0.8050 | break level | ||
| R1 | 0.8200/07 | ** | cong; 29 Jul YTD high | S4 | 0.8000 | ** | congestion |
Asterisk denotes strength of level
09:10 BST - Minor consolidation beneath 0.8150 has given way to the anticipated break higher, with prices approaching critical resistance at congestion around 0.8200 and the 0.8207 current year high of 29 July. Just higher is the 0.8220 Fibonacci retracement. Both intraday and daily readings are positive, highlighting an improvement in sentiment and room for further strength in the coming sessions. A close above here will further improve sentiment and extend January gains initially towards congestion around 0.8250. Still higher is 0.8300.
Meanwhile, support remains at congestion around 0.8150 and extends to 0.8100. This range should underpin any immediate setbacks.