Published: 2025-09-22T07:21:19.000Z
Chart USD/CHF Update: Room to extend corrective bounce
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Extending bounce from the .7829 current year low to approach the .8000 figure
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8132 | * | 11 Aug high | S1 | 0.7900 | * | congestion | |
| R3 | 0.8100 | * | congestion | S2 | 0.7829 | ** | 17 Sep YTD low | |
| R2 | 0.8050 | * | congestion | S3 | 0.7800 | * | figure | |
| R1 | 0.8000 | ** | congestion | S4 | 0.7711 | ** | Sep 2011 low |
Asterisk denotes strength of level
07:15 GMT - Extending bounce from the .7829 current year low to approach the .8000 figure as prices unwind oversold daily studies. Above the .8000 level will see room for stronger gains to retrace losses from the .8170 August high and see room to the .8050/.8100 congestion area. Clearance will open up room for retest of .8132/.8170 August highs. Meanwhile, support is raised to the .7900 congestion which now underpin. Break here will give way to consolidation back to the .7829 low and the .7800 figure.