USDCHF London briefing — 2026-08-05

BIAS BEARISH — H1 EMA bearish with RSI neutral at 47 supports downside continuation, though H4 neutrality signals caution. KEY LEVELS R: 0.81, 0.815, 0.82072 | S: 0.805, 0.80401, 0.8 NEWS 🔴 ADP Employment Change (Wed 12:15 UTC) | 🟡 S&P Global Composite PMI (Wed 13:45 UTC) | 🟡 MBA Mortgage Applications (Wed 11:00 UTC) SESSION OUTLOOK ADP at noon London drives volatility; watch rejection at 0.81 resistance. PMI follows — expect chop or breakdown below 0.805 if data disappoints USD.

Key Levels

R: 0.81000 · 0.81500 · 0.82072

S: 0.80500 · 0.80401 · 0.80000