Published: 2025-10-20T08:45:26.000Z
Chart USD/CHF Update: Back in range - studies under pressure
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The anticipated break below 0.7900 has bounced from 0.7873
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8075 | 9 Oct (w) high | S1 | 0.7900 | congestion | |||
| R3 | 0.8050 | break level | S2 | 0.7873 | 17 Oct (w) low | |||
| R2 | 0.8000 | ** | congestion | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | |
| R1 | 0.7950 | * | recent lows | S4 | 0.7830~ | ** | 17 Sep YTD low |
Asterisk denotes strength of level
09:30 BST - The anticipated break below 0.7900 has bounced from 0.7873, as intraday studies turn higher, with prices currently balanced back above 0.7900, around 0.7925. Immediate focus is on resistance at 0.7950. But negative daily readings and mixed/negative weekly charts should limit any break in renewed selling interest beneath congestion around 0.8000. In the coming sessions, cautious trade is expected to give way to fresh losses. A later break back below congestion support at 0.7900 will add weight to sentiment and open up critical support at the 0.7850 Fibonacci retracement and the 0.7830~ current year low of 17 September.