Chart USD/CHF Update: Under pressure
The anticipated test below support at 0.8050 has bounced smartly from 0.8030
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | * | congestion | S1 | 0.8050 | break level | ||
| R3 | 0.8140 | 24 Jun YTD high | S2 | 0.8000/10 | ** | congestion; 2 Jul (w) low | ||
| R2 | 0.8125 | ** | 5 November 2025 (m) high | S3 | 0.7950 | * | congestion | |
| R1 | 0.8100 | * | congestion | S4 | 0.8000 | ** | congestion |
Asterisk denotes strength of level
09:15 BST - The anticipated test below support at 0.8050 has bounced smartly from 0.8030, as oversold intraday studies flatten, with prices currently balanced around 0.8050. Daily studies are under pressure and overbought weekly stochastics are turning down, highlighting room for a later break back beneath here. Focus will then turn to congestion around 0.8000 and the 0.8010 weekly low of 2 July. But the rising weekly Tension Indicator could limit any initial tests in consolidation. Meanwhile, resistance remains at congestion around 0.8100. A close above here, if seen, will help to stabilise price action. But a further close above 0.8125/40 is needed to turn sentiment positive and confirm continuation of January gains.