Published: 2026-06-10T08:52:42.000Z
Chart USD/CHF Update: Pushing higher
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The anticipated test of congestion support at 0.7950 has given way to a bounce
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8125 | ** | November 2025 (m) high | S1 | 0.7950 | * | congestion | |
| R3 | 0.8100 | ** | congestion | S2 | 0.7900 | ** | congestion | |
| R2 | 0.8040/43 | ** | Jan-Mar YTD highs | S3 | 0.7850 | * | congestion | |
| R1 | 0.8000 | ** | congestion | S4 | 0.7800 | * | congestion |
Asterisk denotes strength of level
09:40 BST - The anticipated test of congestion support at 0.7950 has given way to a bounce, with prices currently balanced in cautious trade just shy of congestion resistance at 0.8000. Daily readings continue to rise, highlighting room for a test above 0.8000. But flat overbought daily stochastics should limit initial scope in renewed consolidation beneath the 0.8040/43 current year highs, before rising weekly charts prompt further gains. A close above here will extend January gains towards 0.8100. Meanwhile, support remains at 0.7950 and should underpin any immediate setbacks.