Chart USD/CHF Update: Scope for deeper pullback
Lower in consolidation below the .8350/.8382 congestion and 1 October current year high as daily studies unwind overbought readings
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8475 | ** | May 2025 high | S1 | 0.8265/50 | * | 16 Sep high, congestion | |
| R3 | 0.8400 | * | 50% 2025/2026 fall | S2 | 0.8200 | ** | congestion | |
| R2 | 0.8382 | ** | 1 Oct YTD high | S3 | 0.8150 | * | congestion | |
| R1 | 0.8350 | congestion | S4 | 0.8100 | * | congestion |
Asterisk denotes strength of level
06:20 GMT - Lower in consolidation below the .8350/.8382 congestion and 1 October current year high as daily studies unwind overbought readings. Weekly chart are stretched as well and suggest scope for break of the .8300 level and .8265/50 support to retrace recent strong gains from the August low. Lower still, will expose the .8226 low of last week to retest. Break here will see room to the strong support at the .8200/.8150 congestion area. Meanwhile, resistance at the .8382 high is expected to cap. Clearance, if seen, will open up room for stronger gains to retrace the 2025/2026 losses.