Chart USD/CHF Update: Critical support at 0.7830/50
The anticipated test of 0.7900 has extended to 0.7880
| 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
09:15 GMT - The anticipated test of 0.7900 has extended to 0.7880, before bouncing into consolidation around 0.7900. The daily Tension Indicator continues to track lower, highlighting room for a fresh test beneath here. But a tick higher in oversold daily stochastics and mixed weekly charts should limit initial scope in renewed consolidation above critical support at the 0.7850 Fibonacci retracement and the 0.7830~ year low of 17 September 2025. A further close beneath here, however, will add weight to sentiment and extend December 2016 losses initially to 0.7800. Meanwhile, resistance remains at congestion around 0.7950. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath further congestion around 0.8000.