Published: 2025-10-06T08:30:03.000Z
Chart USD/CHF Update: Consolidating - studies improving
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Quiet trade, with prices balanced in consolidation beneath congestion resistance at 0.8000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170~ | ** | 1 Aug YTD high | S1 | 0.7900 | congestion | ||
| R3 | 0.8100 | * | congestion | S2 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | |
| R2 | 0.8050 | break level | S3 | 0.7829 | 17 Sep YTD low | |||
| R1 | 0.8000 | ** | congestion | S4 | 0.7800 | * | figure |
Asterisk denotes strength of level
09:20 BST - Quiet trade, with prices balanced in consolidation beneath congestion resistance at 0.8000. Intraday studies are rising and daily readings have also ticked up, highlighting room for a break above here. Focus will then turn to 0.8050. But already overbought intraday studies could limit any initial tests in consolidation, before rising weekly charts prompt further gains. Meanwhile, support is at congestion around 0.7900 and should underpin any immediate setbacks.