Published: 2026-04-28T08:08:32.000Z
Chart USD/CHF Update: Edging higher
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Cautious trade around 0.7850 has given way to a push higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8040 | ** | Jan-Mar (y) highs | S1 | 0.7850 | * | congestion | |
| R3 | 0.8000 | ** | break level | S2 | 0.7800 | * | congestion | |
| R2 | 0.7950 | * | congestion | S3 | 0.7770 | ** | 61.8% ret of Jan-Mar rally | |
| R1 | 0.7900 | ** | congestion | S4 | 0.7750 | * | congestion |
Asterisk denotes strength of level
09:00 BST - Cautious trade around 0.7850 has given way to a push higher, as intraday studies continue to rise, with prices approaching congestion resistance at 0.7900. Daily readings continue to rise, highlighting room for a test above here. But mixed/negative weekly charts should limit any immediate break in consolidation beneath further congestion around 0.7950. Meanwhile, support remains at congestion around 0.7850. A test beneath here, if seen, should meet renewed buying interest above further congestion around 0.7800.