Published: 2026-08-10T09:12:52.000Z
Chart USD/CHF Update: Choppy trade - studies leaning lower
1
Choppy trade has given way to a pullback
| 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
10:05 BST - Choppy trade has given way to a pullback, with the break below 0.8100 giving way to consolidation above support at 0.8050. Daily readings are mixed/negative and broader weekly charts are bearish, highlighting room for further losses in the coming sessions. A break below 0.8050 will open up the 0.8035 Fibonacci retracement. A further close beneath here will add weight to sentiment and extend late-July losses below 0.8000/10 towards the 0.7985 retracement. Meanwhile, a close back above congestion resistance at 0.8100 will help to stabilise price action and prompt consolidation beneath further congestion around 0.8150.