USDCHF London briefing — 2026-08-12

BIAS BULLISH. Daily structure supports upside despite H4/H1 EMA divergence; RSI 64.9 signals strength without overbought extremes. KEY LEVELS R: 0.815, 0.82, 0.82072 | S: 0.81, 0.805, 0.80401 NEWS 🔴 CPI MoM/YoY (USD) — 12:30 UTC | 🟡 MBA Mortgage Applications — 11:00 UTC SESSION OUTLOOK CPI prints drive dollar volatility at noon. Watch 0.815 resistance; breaks target 0.82. Support holds 0.81 for trend continuation.

Key Levels

R: 0.81500 · 0.82000 · 0.82072

S: 0.81000 · 0.80500 · 0.80401