Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2025-06-27T08:23:47.000Z

Chart USD/CHF Update: Fresh year lows - room for lower

byMike Macdonald

Senior Technical Strategist
-

Little change, as mixed intraday studies keep near-term sentiment cautious

 Level Comment  Level Comment
R40.8300**congestion S10.8000**congestion
R30.8250 congestion S20.7978 26 Jun YTD low
R20.8200*congestion S30.7850**76.4% ret of 2011-2016 rally
R10.8100 congestion S40.7800 figure

Asterisk denotes strength of level

09:15 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend cautious trade within support at the 0.7978 fresh year low of 26 June and congestion around 0.8000. Daily readings are negative and broader weekly charts are under pressure, highlighting a bearish tone and room for deeper losses in the coming sessions. A break below 0.7978 will extend multi-year losses from December 2016 towards the 0.7850 Fibonacci retracement. However, already oversold daily stochastics could limit any initial tests in consolidation. Meanwhile, resistance remains at congestion around 0.8100, A close above here, if seen, would turn sentiment neutral and prompt consolidation beneath further congestion around 0.8200.

Continue to read the article for free
Login

or

or

Topics
USD/CHF-TA
DM-Technical
Technical Analysis

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image