USDCHF London briefing — 2026-11-02

BIAS BEARISH. H4 and H1 EMAs aligned downward; H4 and H1 fair value gaps confirm selling pressure despite bullish D1 structure. KEY LEVELS R: 0.825, 0.83, 0.83953 | S: 0.82, 0.81906, 0.815 NEWS 🟡 CHF PMI (08:30 UTC) | 🟡 USD PMI (14:45 UTC) | 🟡 USD Construction Spending (15:00 UTC) SESSION OUTLOOK London opens into bearish H4/H1 alignment. Watch support holds at 0.82; manufacturing data may test conviction.

Key Levels

R: 0.82500 · 0.83000 · 0.83953

S: 0.82000 · 0.81906 · 0.81500