Chart USD/CHF Update: Balanced above fresh 2025 year low - background studies under pressure
Anticipated losses have posted a fresh 2025 year low at 0.8038
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8300 | ** | cong, Jan 2015 (y) low | S1 | 0.8038 | ** | 21 Apr YTD low | |
| R3 | 0.8268 | 14 Apr high | S2 | 0.8000 | ** | figure | ||
| R2 | 0.8200 | minor congestion | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R1 | 0.8100 | minor congestion | S4 | 0.7710~ | ** | September 2011 (m) low |
Asterisk denotes strength of level
09:45 BST - Anticipated losses have posted a fresh 2025 year low at 0.8038, where rising intraday studies have prompted a bounce into consolidation around congestion resistance at 0.8100. Daily readings are rising, suggesting room for a break above here towards 0.8200. But negative weekly charts and deteriorating longer-term readings are expected to prompt renewed selling interest towards here. Following cautious trade, fresh losses are looked for. A break below 0.8038 will add weight to sentiment and open up historic congestion around 0.8000. Further selling pressure will extend multi-year losses towards the 0.7850 multi-year Fibonacci retracement.