Chart USD/CHF Update: Balanced at fresh year highs - background studies rising
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Little change, as prices extend cautious trade beneath congestion resistance at 0.8100
Level
Comment
Level
Comment
R4
0.8200
**
congestion
S1
0.8040/43
**
Jan-Mar (m) highs
R3
0.8170
**
1 August 2025 (m) high
S2
0.8000
**
congestion
R2
0.8125
**
5 November 2025 (m) high
S3
0.7950
*
congestion
R1
0.8097/00
**
22 Jun YTD high; congestion
S4
0.7900
**
congestion
Asterisk denotes strength of level
09:05 BST - Little change, as prices extend cautious trade beneath congestion resistance at 0.8100. Daily readings are rising, highlighting room for a test above here towards the 0.8125 monthly high of 5 November. But flattening overbought daily stochastics could limit any initial tests in fresh consolidation, before rising weekly charts prompt a break and extend late-January gains towards the 0.8170 high of August. Meanwhile, support remains down to the 0.8040/43 highs from January-March. This range should underpin any immediate setbacks.