Published: 2025-10-31T09:28:58.000Z
Chart USD/CHF Update: Edging higher
1
The anticipated break back above 0.8000 has reached 0.8035
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170~ | ** | 1 Aug (m) range high | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8100 | ** | break level | S2 | 0.7950 | * | recent lows | |
| R2 | 0.8075 | * | 9 Oct (w) high | S3 | 0.7900 | congestion | ||
| R1 | 0.8050 | break level | S4 | 0.7873 | 17 Oct (w) low |
Asterisk denotes strength of level
09:20 GMT - The anticipated break back above 0.8000 has reached 0.8035, where unwinding overbought intraday studies are prompting fresh consolidation. Daily readings continue to rise and broader weekly charts are also improving, highlighting room for further strength in the coming sessions. Resistance is at the 0.8050 break level and extends to the 0.8075 weekly high of 9 October. But by-then overbought daily stochastics should limit any initial tests in consolidation. Meanwhile, support is raised to congestion around 0.8000. A close beneath here will turn sentiment neutral and give way to consolidation above 0.7950.