Published: 2025-10-13T08:41:32.000Z
Chart USD/CHF Update: Consolidating - studies positive
1
The anticipated pullback has reached congestion support at 0.8000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170~ | ** | 1 Aug YTD high | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8100 | * | congestion | S2 | 0.7950 | * | recent lows | |
| R2 | 0.8075 | 9 Oct (w) high | S3 | 0.7900 | congestion | |||
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:30 BST - The anticipated pullback has reached congestion support at 0.8000, where unwinding oversold intraday studies are prompting a bounce. Focus is turning back to resistance at 0.8050. But unwinding overbought daily stochastics are expected to limit any initial tests in consolidation, before the positive daily Tension Indicator and rising weekly charts prompt a break. Focus will then turn to congestion around 0.8100, via the 0.8075 weekly high of 9 October. Meanwhile, any tests below 0.8000 should meet renewed buying interest above the 0.7950 recent lows.