Published: 2026-06-05T08:20:27.000Z
Chart USD/CHF Update: Turning away from resistance
2
The test of resistance within the 0.7900 - 0.7925 range has given way to a pullback
| 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
09:10 BST - The test of resistance within the 0.7900 - 0.7925 range has given way to a pullback, as intraday studies turn down, with prices currently trading around 0.7875. Overbought daily stochastics are also unwinding, highlighting room for continuation down to congestion support at 0.7850. But the positive daily Tension Indicator and mixed weekly charts should limit any initial tests in renewed consolidation. Meanwhile, a close above the 0.7925 weekly high of 29 April, if seen, would improve sentiment and extend early-May gains initially towards 0.7950.