Published: 2025-06-27T08:23:47.000Z
Chart USD/CHF Update: Fresh year lows - room for lower

Senior Technical Strategist
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Little change, as mixed intraday studies keep near-term sentiment cautious
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 0.8300 | ** | congestion | S1 | 0.8000 | ** | congestion | |
R3 | 0.8250 | congestion | S2 | 0.7978 | 26 Jun YTD low | |||
R2 | 0.8200 | * | congestion | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | |
R1 | 0.8100 | congestion | S4 | 0.7800 | 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.