Chart USD/CHF Update: Fresh year lows - prices under pressure
The break back below 0.8000 has posted a fresh 2025 year low at 0.7957
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8250 | congestion | S1 | 0.7957 | 27 Jun YTD low | |||
| R3 | 0.8200 | * | congestion | S2 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | |
| R2 | 0.8100 | congestion | S3 | 0.7800 | figure | |||
| R1 | 0.8000 | ** | congestion | S4 | 0.7710 | ** | September 2011 low |
Asterisk denotes strength of level
09:20 BST - The break back below 0.8000 has posted a fresh 2025 year low at 0.7957, where rising intraday studies are prompting minor reactions. Oversold daily stochastics highlight potential for consolidation above here, before the bearish daily Tension Indicator and mixed/negative weekly charts prompt fresh losses. A later close below 0.7957 will add weight to sentiment and extend multi-year losses from December 2016 towards the 0.7850 Fibonacci retracement. Meanwhile, resistance is lowered to congestion around 0.8000. A close above here, if seen, would stabilise price action and prompt consolidation beneath further congestion around 0.8100.