USDCHF London briefing — 2026-11-05

BIAS BEARISH. D1 + H4 + H1 trend alignment, H4 and H1 fair value gaps, and neutral RSI all confirm downside pressure. KEY LEVELS R: 0.82, 0.825, 0.83953 | S: 0.815, 0.81288, 0.81 NEWS 🔴 SNB Chairman Schlegel speech (Thu 13:30 UTC) 🟡 Challenger Job Cuts USD (Thu 10:30 UTC) SESSION OUTLOOK SNB speech is the session pivot. Watch for CHF reaction; USD data secondary. Bearish bias holds into risk events.

Key Levels

R: 0.82000 · 0.82500 · 0.83953

S: 0.81500 · 0.81288 · 0.81000