Published: 2026-05-07T08:29:11.000Z
Chart USD/CHF Update: Leaning lower
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Little change, as prices extend cautious trade above support at the 0.7770 Fibonacci retracement
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7950 | * | congestion | S1 | 0.7770 | ** | 61.8% ret of Jan-Mar rally | |
| R3 | 0.7900 | ** | congestion | S2 | 0.7750 | * | congestion | |
| R2 | 0.7850 | * | congestion | S3 | 0.7700/10 | ** | congestion; 76.4% ret | |
| R1 | 0.7800 | * | congestion | S4 | 0.7670 | * | congestion lows |
Asterisk denotes strength of level
09:15 BST - Little change, as prices extend cautious trade above support at the 0.7770 Fibonacci retracement. Daily readings have turned down and broader weekly charts are under pressure, highlighting room for further losses in the coming sessions. A close beneath here will turn sentiment negative and extend late-March losses towards 0.7700/10. Meanwhile, resistance is lowered to congestion around 0.7800. A close above here would help to stabilise sentiment and prompt consolidation beneath congestion around 0.7850.