Chart USD/CHF Update: Consolidating run to fresh year highs
Anticipated gains have posted a fresh year high just beneath congestion resistance at 0.8100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | ** | congestion | S1 | 0.8040/43 | ** | Jan-Mar (m) highs | |
| R3 | 0.8170 | ** | 1 August 2025 (m) high | S2 | 0.8000 | ** | congestion | |
| R2 | 0.8125 | ** | 5 November 2025 (m) high | S3 | 0.7950 | * | congestion | |
| R1 | 0.8100 | ** | congestion | S4 | 0.7900 | ** | congestion |
Asterisk denotes strength of level
11:00 BST - Anticipated gains have posted a fresh year high just beneath congestion resistance at 0.8100, before falling sharply towards support at the 0.8040/43 monthly highs from January-March. Overbought intraday studies are unwinding, highlighting room for a test beneath here. But rising daily and weekly charts should limit scope in renewed buying interest/consolidation above congestion around 0.8000. Following cautious/corrective trade, fresh gains are looked for. A later break above 0.8100 will open up the 0.8125 monthly high of 5 November 2025, with room to extend late-January gains towards the 0.8170 high of August..