Published: 2026-06-04T08:24:30.000Z
Chart USD/CHF Update: Room for higher
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The anticipated break above 0.7900 has reached resistance at the 0.7925 weekly high of 29 April
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8040/43 | ** | Jan-Mar YTD highs | S1 | 0.7900 | ** | congestion | |
| R3 | 0.8000 | ** | congestion | S2 | 0.7850 | * | congestion | |
| R2 | 0.7950 | * | congestion | S3 | 0.7800 | * | congestion | |
| R1 | 0.7925 | ** | 29 Apr (w) high | S4 | 0.7770 | ** | 61.8% ret of Jan-Mar rally |
Asterisk denotes strength of level
09:20 BST - The anticipated break above 0.7900 has reached resistance at the 0.7925 weekly high of 29 April, where unwinding overbought intraday studies are prompting consolidation. Daily readings are rising and broader weekly charts are showing early signs of improvement, suggesting room for further gains in the coming sessions. A close above 0.7925 will improve sentiment and extend early-May gains initially towards 0.7950. Meanwhile, a close back below 0.7900 will stabilise price action and prompt consolidation above congestion around 0.7850.