Published: 2025-10-29T09:26:32.000Z
Chart USD/CHF Update: Back in range
2
The break below 0.7950 as not been sustained
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | break level | S1 | 0.7950 | * | recent lows | |
| R3 | 0.8075 | 9 Oct (w) high | S2 | 0.7900 | congestion | |||
| R2 | 0.8050 | break level | S3 | 0.7873 | 17 Oct (w) low | |||
| R1 | 0.8000 | ** | congestion | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:15 GMT - The break below 0.7950 as not been sustained, as oversold intraday studies unwind, with prices bouncing back above 0.7950 to currently trade around 0.7970. Oversold daily stochastics are unwinding, highlighting room for a test of congestion resistance at 0.8000. But the negative daily Tension Indicator is expected to limit any initial tests in consolidation, before improving weekly charts prompt a break towards 0.8050. Meanwhile, any fresh tests below 0.7950 should be limited in consolidation above congestion support at 0.7900.