Published: 2026-08-07T08:29:53.000Z
Chart USD/CHF Update: Consolidating sharp USD- and CHF-driven bounce
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Cautious trade has given way to a sharp bounce to 0.8135 in both USD- and CHF-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8300 | ** | congestion | S1 | 0.8100 | * | congestion | |
| R3 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S2 | 0.8050 | break level | ||
| R2 | 0.8200 | * | congestion | S3 | 0.8035 | * | 38.2% ret of May-Jul rally | |
| R1 | 0.8150 | congestion | S4 | 0.8000/10 | ** | congestion; 2 Jul (w) low |
Asterisk denotes strength of level
09:10 BST - Cautious trade has given way to a sharp bounce to 0.8135 in both USD- and CHF-driven trade, before settling into consolidation above 0.8115. Daily stochastics are rising and the bearish daily Tension Indicator is flattening, suggesting room for a further test higher. But negative weekly charts should limit scope in renewed selling interest towards congestion resistance at 0.8150. Meanwhile, support is raised to congestion around 0.8100. A close back beneath here would prompt consolidation above support at 0.8050.