Chart USD/CHF Update: Consolidating - daily studies under pressure
Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation within the 0.8066 - 0.8100 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170 | ** | 1 August 2025 (m) high | S1 | 0.8066 | * | 24 Jun (w) low | |
| R3 | 0.8140 | 24 Jun YTD high | S2 | 0.8040/43 | ** | Jan-Mar (m) highs | ||
| R2 | 0.8125 | ** | 5 November 2025 (m) high | S3 | 0.8000 | ** | congestion | |
| R1 | 0.8100 | * | congestion | S4 | 0.7950 | * | congestion |
Asterisk denotes strength of level
09:10 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation within the 0.8066 - 0.8100 range. Overbought daily stochastics continue to unwind and the flat daily Tension Indicator is coming under pressure, suggesting room for a break below the 0.8066 weekly low of 24 June. Focus will then turn to the 0.8040/43 highs from January-March, but positive weekly charts should limit any deeper retracement in renewed buying interest/consolidation above congestion around 0.8000. Meanwhile, a close back above 0.8100 will help to stabilise price action. But a further close above the 0.8125 monthly high of 5 November 2025 and the 0.8140 current year high of 24 June is needed to improve sentiment and extend late-January gains towards the 0.8170 high of August.