Published: 2026-01-12T09:27:05.000Z
Chart USD/CHF Update: Corrective pullback
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Cautious trade just above 0.8000 has given way to sharp selling interest
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8155 | ** | 50% ret of May-Sep fall | S1 | 0.7950 | * | congestion | |
| R3 | 0.8100 | ** | break level | S2 | 0.7900 | * | congestion | |
| R2 | 0.8050 | break level | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R1 | 0.8000 | ** | congestion | S4 | 0.7830~ | ** | 17 Sep 2025 (y) low |
Asterisk denotes strength of level
09:15 GMT - Cautious trade just above 0.8000 has given way to sharp selling interest, with focus turning to congestion support at 0.7950. Intraday studies are negative and overbought daily stochastics are unwinding, highlighting room for a test beneath here. But the rising daily Tension Indicator and improving weekly charts should limit scope in renewed buying interest/consolidation above further congestion around 0.7900. Meanwhile, resistance remains at congestion around 0.8000. Any immediate tests above here should be limited in fresh selling interest beneath 0.8050.