Published: 2025-11-24T09:43:37.000Z
Chart USD/CHF Update: Cautious trade
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Little change, as prices extend cautious trade within the 0.8050 - 0.8100 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | ** | break level | S1 | 0.8050 | break level | ||
| R3 | 0.8170~ | ** | 1 Aug (m) high | S2 | 0.8000 | ** | congestion | |
| R2 | 0.8155 | ** | 50% ret of May-Sep fall | S3 | 0.7950 | * | congestion | |
| R1 | 0.8100 | ** | break level | S4 | 0.7900 | * | congestion |
Asterisk denotes strength of level
09:30 GMT - Little change, as prices extend cautious trade within the 0.8050 - 0.8100 range. Intraday studies are turning down, highlighting room for a test of support at the 0.8050 break level. But rising daily readings are expected to limit initial scope in renewed buying interest/consolidation above congestion support at 0.8000. Meanwhile, a close above resistance at the 0.8100 break level would improve sentiment and extend mid-September gains towards the 0.8155 Fibonacci retracement. Mixed weekly charts are expected to limit any initial tests in consolidation.