Published: 2026-01-05T09:23:04.000Z
Chart USD/CHF Update: Edging higher
1
Cautious trade has given way to anticipated tests higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | break level | S1 | 0.7900 | * | congestion | |
| R3 | 0.8050 | break level | S2 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R2 | 0.8000 | ** | congestion | S3 | 0.7830~ | ** | 17 Sep 2025 (y) low | |
| R1 | 0.7950 | * | congestion | S4 | 0.7800 | figure |
Asterisk denotes strength of level
09:10 GMT - Cautious trade has given way to anticipated tests higher, with prices currently pressuring congestion resistance at 0.7950. Rising daily stochastics and a tick higher in the daily the daily Tension Indicator highlight room for a break above here towards further congestion around 0.800. But negative weekly charts should limit any initial tests in consolidation. Meanwhile, support remains at congestion around 0.7900. But a close below critical support at the 0.7850 Fibonacci retracement and the 0.7830~ year low of 17 September 2025 is needed to add weight to sentiment and extend long-term losses initially towards 0.7800.