Published: 2026-06-17T08:21:32.000Z
Chart USD/CHF Update: Lower in CHF-driven trade
1
Choppy trade around congestion resistance at 0.7950 is giving way to anticipated losses
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | congestion | S1 | 0.7900 | ** | congestion | |
| R3 | 0.8040/43 | ** | Jan-Mar YTD highs | S2 | 0.7850 | * | congestion | |
| R2 | 0.8000 | ** | congestion | S3 | 0.7800 | * | congestion | |
| R1 | 0.7950 | * | congestion | S4 | 0.7760/70 | ** | 8 May (m) low; 61.8% ret |
Asterisk denotes strength of level
09:10 BST - Choppy trade around congestion resistance at 0.7950 is giving way to anticipated losses, with prices approaching congestion support at 0.7900 in CHF-driven trade. Daily stochastics and the daily Tension Indicator continue to track lower, highlighting room for a test beneath here. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above further congestion around 0.7850. Meanwhile, a close back above 0.7950, if seen, would help to stabilise price action and prompt consolidation beneath congestion resistance at 0.8000.