Published: 2026-05-06T08:28:49.000Z
Chart USD/CHF Update: Lower in range
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Cautious trade beneath congestion resistance at 0.7850 has given way to drift lower to congestion support at 0.7800
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8000 | ** | break level | S1 | 0.7800 | * | congestion | |
| R3 | 0.7950 | * | congestion | S2 | 0.7770 | ** | 61.8% ret of Jan-Mar rally | |
| R2 | 0.7900 | ** | congestion | S3 | 0.7750 | * | congestion | |
| R1 | 0.7850 | * | congestion | S4 | 0.7700/10 | ** | congestion; 76.4% ret |
Asterisk denotes strength of level
09:20 BST - Cautious trade beneath congestion resistance at 0.7850 has given way to drift lower to congestion support at 0.7800. Daily readings have turned down, highlighting room for a break beneath here towards the 0.7770 Fibonacci retracement. But mixed/negative weekly charts could limit any initial tests in fresh consolidation, before a break turns sentiment negative and extends late-March losses towards 0.7700/10. Meanwhile, any immediate tests higher should meet renewed selling interest beneath 0.7850.