Published: 2026-11-11T09:26:39.000Z
Chart USD/CHF Update: Sharp bounce in USD- and CHF-driven trade
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Cautious/choppy trade around 0.8200 has given way to a sharp bounce
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8475~ | ** | 12 May 2025 (m) high | S1 | 0.8250 | congestion | ||
| R3 | 0.8395/00 | ** | 14 Oct YTD high; 50% ret | S2 | 0.8200 | * | congestion | |
| R2 | 0.8350 | * | break level | S3 | 0.8150 | congestion | ||
| R1 | 0.8300 | * | congestion lows | S4 | 0.8120 | ** | 61.8% ret of Aug-Oct rally |
Asterisk denotes strength of level
09:15 GMT - Cautious/choppy trade around 0.8200 has given way to a sharp bounce, with rising steadily towards resistance at 0.8300 in both USD- and CHF-driven trade. Rising intraday studies and positive daily readings highlight room for a test above here. But mixed/negative weekly charts should limit initial scope in consolidation/range extension beneath the 0.8350 break level.
Meanwhile, support is raised to congestion around 0.8250. A close back beneath here, if seen, will help to stabilise price action and prompt consolidation above congestion support at 0.8200.