Published: 2025-10-16T08:40:38.000Z
Chart USD/CHF Update: Under pressure
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Anticipated losses have reached support at 0.7950
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | * | congestion | S1 | 0.7950 | * | recent lows | |
| R3 | 0.8075 | 9 Oct (w) high | S2 | 0.7900 | congestion | |||
| R2 | 0.8050 | break level | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R1 | 0.8000 | ** | congestion | S4 | 0.7830~ | ** | 17 Sep YTD low |
Asterisk denotes strength of level
09:20 BST - Anticipated losses have reached support at 0.7950, where flattening oversold intraday studies are prompting short-term reactions. Daily readings continue to track lower, highlighting room for a further break towards congestion around 0.7900. However, rising weekly charts are expected to limit any initial tests beneath here in consolidation above critical support at the 0.7850 Fibonacci retracement and the 0.7830~ current year low of 17 September. Meanwhile, resistance is lowered to congestion around 0.8000. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath 0.8050.