Published: 2025-10-08T08:21:21.000Z
Chart USD/CHF Update: Pushing higher
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Quiet trade has given way to the anticipated push higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170~ | ** | 1 Aug YTD high | S1 | 0.7950 | * | recent lows | |
| R3 | 0.8100 | * | congestion | S2 | 0.7900 | congestion | ||
| R2 | 0.8050 | break level | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R1 | 0.8000 | ** | congestion | S4 | 0.7829 | 17 Sep YTD low |
Asterisk denotes strength of level
09:15 BST - Quiet trade has given way to the anticipated push higher, with prices currently pressuring congestion resistance at 0.8000. Mixed daily readings have turned higher and broader weekly charts are positive, highlighting room for further strength in the coming sessions. A close above here will open up 0.8050, with room for continuation towards congestion around 0.8100. Meanwhile, support is at the 0.7950 recent lows and extends to congestion around 0.7900. This range should underpin any immediate setbacks.