Published: 2025-09-24T07:01:27.000Z
Chart USD/CHF Update: Limited on bounce attempt
0
-
Turned lower in consolidation from the .7972 bounce high to retest the .7900 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8132 | * | 11 Aug high | S1 | 0.7900 | * | congestion | |
| R3 | 0.8100 | * | congestion | S2 | 0.7829 | ** | 17 Sep YTD low | |
| R2 | 0.8050 | * | congestion | S3 | 0.7800 | * | figure | |
| R1 | 0.8000 | ** | congestion | S4 | 0.7711 | ** | Sep 2011 low |
Asterisk denotes strength of level
06:55 GMT - Turned lower in consolidation from the .7972 bounce high to retest the .7900 level. Oversold daily and weekly studies suggest scope for stronger gains to unwind oversold readings and break above the .8000 level will see room for stronger gains to retrace losses from the .8170 August high. Clearance will see stronger recovery to the .8050/.8100 congestion area. Meanwhile, support is raised to the .7900 congestion which now underpin. Below this will return focus to the downside for retest of the .7829 low and the .7800 figure.