Published: 2026-06-09T09:13:13.000Z
Chart USD/CHF Update: Consolidating gains - background studies improving
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Sharp gains have given way to consolidation beneath 0.7985
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | congestion | S1 | 0.7950 | * | congestion | |
| R3 | 0.8040/43 | ** | Jan-Mar YTD highs | S2 | 0.7900 | ** | congestion | |
| R2 | 0.8000 | ** | congestion | S3 | 0.7850 | * | congestion | |
| R1 | 0.7985~ | 8 Jun high | S4 | 0.7800 | * | congestion |
Asterisk denotes strength of level
09:50 BST - Sharp gains have given way to consolidation beneath 0.7985, as intraday studies turn down, with focus on congestion support at 0.7950. A test beneath here cannot be ruled out. But rising daily readings and improving weekly charts should limit scope in renewed buying interest above further congestion around 0.7900. Following cautious/corrective trade, fresh gains are looked for. A break above congestion resistance at 0.8000 will open up the 0.8040/43 current year highs. A further close above here will extend January gains towards 0.8100.