Published: 2026-05-20T08:23:10.000Z
Chart USD/CHF Update: Pushing higher
1
Cautious trade is giving way to anticipated gains
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8000 | ** | congestion | S1 | 0.7850 | * | congestion | |
| R3 | 0.7950 | * | congestion | S2 | 0.7800 | * | congestion | |
| R2 | 0.7925 | ** | 29 Apr (w) high | S3 | 0.7770 | ** | 61.8% ret of Jan-Mar rally | |
| R1 | 0.7900 | ** | congestion | S4 | 0.7750 | * | congestion |
Asterisk denotes strength of level
09:10 BST - Cautious trade is giving way to anticipated gains, with prices currently pressuring congestion resistance at 0.7900. Daily readings are rising and broader weekly charts are also improving, highlighting room for a break above here towards the 0.7925 weekly high of 29 April. A further close above here would improve sentiment and extend early-May gains towards congestion around 0.7950. Meanwhile, support remains at congestion around 0.7850 and should underpin any immediate setbacks.