Published: 2025-12-11T09:35:25.000Z
Chart USD/CHF Update: Under pressure
11
Anticipated losses have reached congestion support at 0.8000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170~ | ** | 1 Aug (m) high | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8155 | ** | 50% ret of May-Sep fall | S2 | 0.7950 | * | congestion | |
| R2 | 0.8100 | ** | break level | S3 | 0.7900 | * | congestion | |
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:15 GMT - Anticipated losses have reached congestion support at 0.8000, where flattening oversold intraday studies are prompting short-term reactions. Daily readings are under pressure and overbought weekly stochastics are turning down, highlighting room for still further losses in the coming sessions. A break beneath 0.8000 will open up congestion around 0.7950. Continuation down to further congestion around 0.7900 cannot be ruled out. Meanwhile, resistance is lowered to 0.8050. An unexpected break above here will help to stabilise price action and give way to consolidation beneath 0.8100.