Published: 2025-07-03T08:41:51.000Z
Chart USD/CHF Update: Balanced above year lows
Senior Technical Strategist
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Anticipated losses have posted a fresh year low around 0.7870
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8250 | congestion | S1 | 0.7870~ | 1 Jul YTD low | |||
| R3 | 0.8200 | * | congestion | S2 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | |
| R2 | 0.8100 | congestion | S3 | 0.7800 | figure | |||
| R1 | 0.8000 | ** | congestion | S4 | 0.7710 | ** | September 2011 low |
Asterisk denotes strength of level
09:30 BST - Anticipated losses have posted a fresh year low around 0.7870, where flattening oversold daily stochastics are prompting consolidation. The daily Tension Indicator continues to track lower and broader weekly charts are under pressure, highlighting room for still further losses in the coming sessions. But a close below the 0.7850 Fibonacci retracement is needed to turn sentiment negative and extend December 2016 losses towards 0.7800. Meanwhile, resistance remains at congestion around 0.8000. A close above here, if seen, would stabilise price action and prompt consolidation beneath further congestion around 0.8100.