Published: 2025-10-23T08:04:16.000Z
Chart USD/CHF Update: Cautious trade - room for a test higher
1
Little change, as prices extend consolidation around 0.7970
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | congestion | S1 | 0.7950 | * | recent lows | |
| R3 | 0.8075 | 9 Oct (w) high | S2 | 0.7900 | congestion | |||
| R2 | 0.8050 | break level | S3 | 0.7873 | 17 Oct (w) low | |||
| R1 | 0.8000 | ** | congestion | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:00 BST - Little change, as prices extend consolidation around 0.7970. Oversold daily stochastics are unwinding, highlighting room for a test of congestion resistance at 0.8000. But the negative daily Tension Indicator is expected to limit any initial tests in consolidation, before improving weekly charts prompt a break towards 0.8050. Meanwhile, a close below support at the 0.7950 recent lows, if seen, would stabilise price action and give way to consolidation above congestion at 0.7900.