Published: 2026-02-03T07:35:02.000Z
Chart USD/CHF Update: Extend corrective bounce from .7600 low
2
Extend bounce from the .7600 level to reach the .7800 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7900 | * | congestion | S1 | 0.7730/00 | * | 26 Jan low, congestion | |
| R3 | 0.7860 | ** | Dec low | S2 | 0.7600 | ** | 28 Jan YTD low | |
| R2 | 0.7830 | ** | Sep 2025 year low | S3 | 0.7500 | * | congestion | |
| R1 | 0.7800 | * | congestion | S4 | 0.7400 | * | congestion |
Asterisk denotes strength of level
07:35 GMT - Extend bounce from the .7600 level to reach the .7800 level. Daily studies are tracking higher and suggest room for break here to open up room for stronger bounce to strong resistance at .7830/.7860 area and the .7900 congestion. However, gains are seen corrective and expected to give way to renewed selling pressure later. Meanwhile, support is raised to the .7730/.7700 area. Would take break here to return focus to the downside for retest of the .7600 low. Below this will see room to the .7500/.7400 area and .7200 congestion.