Chart USD/CHF Update: Limited tests higher
Anticipated tests higher have been pushed back from congestion resistance at 0.8100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8200 | * | congestion | S1 | 0.8050 | break level | ||
| R3 | 0.8140 | 24 Jun YTD high | S2 | 0.8000/10 | ** | congestion; 2 Jul (w) low | ||
| R2 | 0.8125 | ** | 5 November 2025 (m) high | S3 | 0.7950 | * | congestion | |
| R1 | 0.8100 | * | congestion | S4 | 0.8000 | ** | congestion |
Asterisk denotes strength of level
09:10 BST - Anticipated tests higher have been pushed back from congestion resistance at 0.8100, as overbought intraday studies turn down, with prices currently trading around 0.8065. Immediate focus is on support at 0.8050. But a tick higher in oversold daily stochastics suggests any initial tests could give way to consolidation, before the bearish daily Tension Indicator and unwinding overbought weekly stochastics prompt a break. Focus will then turn to 0.8000/10, where the rising weekly Tension Indicator could prompt renewed consolidation. Meanwhile, a close above 0.8100 would help to improve sentiment. But a further close above 0.8125/40 is needed to turn sentiment positive and confirm continuation of January gains.