Published: 2026-06-03T08:22:41.000Z
Chart USD/CHF Update: Approaching strong resistance
1
Cautious trade around 0.7850 has given way to a push higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8000 | ** | congestion | S1 | 0.7850 | * | congestion | |
| R3 | 0.7950 | * | congestion | S2 | 0.7800 | * | congestion | |
| R2 | 0.7925 | ** | 29 Apr (w) high | S3 | 0.7770 | ** | 61.8% ret of Jan-Mar rally | |
| R1 | 0.7900 | ** | congestion | S4 | 0.7750 | * | congestion |
Asterisk denotes strength of level
09:15 BST - Cautious trade around 0.7850 has given way to a push higher, with prices approaching congestion resistance at 0.7900. Rising daily stochastics and a tick higher in the daily Tension Indicator highlight room for a test above here towards the 0.7925 weekly high of 29 April. But mixed/negative weekly charts should limit any initial tests of this range in consolidation. A close above 0.7925, however, will improve sentiment and extend early-May gains initially towards 0.7950. Meanwhile, support remains at congestion around 0.7850, and should continue to underpin any immediate setbacks.