Published: 2026-01-16T09:39:48.000Z
Chart USD/CHF Update: Choppy trade - studies continue to rise
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Choppy trade has given way to a test higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170 | ** | 1 Aug (m) high | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8155 | ** | 50% ret of May-Sep fall | S2 | 0.7950 | * | congestion | |
| R2 | 0.8100 | ** | break level | S3 | 0.7900 | * | congestion | |
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:30 GMT - Choppy trade has given way to a test higher, with prices reaching 0.8040 before settling lower as overbought intraday studies unwind. The daily Tension Indicator is rising, highlighting room for a fresh test higher. But flat overbought daily stochastics are expected to limit initial scope in renewed consolidation beneath resistance at 0.8050, before rising weekly charts prompt a break and extend late-December gains towards 0.8100. Meanwhile, a close back below 0.8000 would turn sentiment neutral once again and prompt consolidation above 0.7950.