USD/CHF bounces off .8010 support, eyes .8100 resistance

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USD/CHF bounces off .8010 support, eyes .8100 resistance
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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USD/CHF has rebounded from support at .8010 and is again testing the .8100 level, according to Continuum Economics technical analysis. A break above .8100 opens the way toward the .8125/.8140 zone, while a slide below .8040 would risk a deeper pullback.

USD/CHF has turned up from support at .8010 and is once more pressing against the .8100 level, according to Continuum Economics analyst PakLai Ng. That .8010 mark was the low set on 2 July, and the bounce has returned the pair to the .8100 level.

What a break of .8100 would open up

A move through .8100 would clear the way for a retest of the .8125/.8140 zone, which marks the November high and the June high of the current year. Clearing that band would then give room for stronger gains toward .8210, the 38.2% retracement of the 2025/2026 losses. That .8210 target marks a key Fibonacci retracement level for the pair.

The .8100 area itself sits in a congestion zone, so the pair must first work through nearby resistance before the higher targets come into play. Above the .8140 resistance, .8170 stands as the August high.

Where the downside risk sits

Support now rests at .8040, the January and March highs, and extends down to the .8010 low from 2 July. A break of these levels would open room for a deeper pullback as overbought weekly studies unwind.

Below that, the analysis flags .7950 and the .7910/.7900 congestion area as the next supports, with .7910/.7900 tied to the 17 June low. For now, the pair holds above its recent base, with the .8100 test the immediate question for traders.

Source: Continuum Economics

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