Chart USD/CHF Update: Room for higher
Still little change, as prices extend pressure on congestion resistance at 0.7750
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7900 | ** | congestion | S1 | 0.7700 | * | break level | |
| R3 | 0.7830~ | * | 17 Sep 2025 (y) low | S2 | 0.7635~/50 | 30 Jan low; cong | ||
| R2 | 0.7800 | * | break level | S3 | 0.7600 | ** | 28 Jan YTD low | |
| R1 | 0.7750 | congestion | S4 | 0.7500 | * | figure |
Asterisk denotes strength of level
09:20 GMT - Still little change, as prices extend pressure on congestion resistance at 0.7750. Daily stochastics and the daily Tension Indicator are rising, suggesting room for a test above here. But already overbought daily stochastics and mixed weekly charts should limit any break in renewed selling interest/consolidation towards 0.7800. Following cautious/corrective trade, lower levels are looked for. A break below support at 0.7700 will add weight to sentiment and put focus on the 0.7635~/50 range. But a later close below the 0.7600 current year low of 28 January will turn sentiment negative and confirm continuation of long-term bear trends.