Published: 2025-10-09T08:19:53.000Z
Chart USD/CHF Update: Studies improving
1
Choppy trade above 0.8000 is giving way to a push higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | ** | congestion | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8170~ | ** | 1 Aug YTD high | S2 | 0.7950 | * | recent lows | |
| R2 | 0.8100 | * | congestion | S3 | 0.7900 | congestion | ||
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:15 BST - Choppy trade above 0.8000 is giving way to a push higher, as mixed intraday studies turn up, with prices currently trading around 0.8030. Daily readings are rising and broader weekly charts are positive, highlighting room for a test of resistance at 0.8050. A further break above here will open up stronger resistance at congestion around 0.8100. But already overbought daily stochastics could limit any initial tests in consolidation. Meanwhile, a close back below congestion support at 0.8000 will turn sentiment neutral and give way to consolidation above the 0.7950 recent lows.