Published: 2026-10-22T08:10:34.000Z
Chart USD/CHF Update: Leaning lower in both USD- and CHF-driven trade
1
Cautious trade is giving way to fresh losses in both USD- and CHF-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8475~ | ** | May 2025 (m) high | S1 | 0.8225~ | * | 2 Oct (w) low, 38.2% ret | |
| R3 | 0.8395/00 | ** | 14 Oct YTD high; 50% ret | S2 | 0.8200 | * | congestion | |
| R2 | 0.8350 | * | break level | S3 | 0.8175 | ** | 50% ret of Aug-Oct rally | |
| R1 | 0.8300 | * | congestion lows | S4 | 0.8150 | congestion |
Asterisk denotes strength of level
09:00 BST - Cautious trade is giving way to fresh losses in both USD- and CHF-driven trade, with prices currently pressuring support within congestion around 0.8200 and 0.8225. Daily readings are under pressure and broader weekly charts are deteriorating, highlighting room for further losses in the coming sessions. A close beneath here will add weight to sentiment and extend mid-October losses initially towards the 0.8175 Fibonacci retracement.
Meanwhile, a close back above resistance at 0.8300, if seen, will prompt fresh consolidation beneath 0.8350.