Published: 2026-06-18T08:35:23.000Z
Chart USD/CHF Update: Sharp reversal higher
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Selling interest has given way to a sharp reversal higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8125 | ** | 5 November 2025 (y) high | S1 | 0.7950 | * | congestion | |
| R3 | 0.8100 | ** | congestion | S2 | 0.7900 | ** | congestion | |
| R2 | 0.8040/43 | ** | Jan-Mar YTD highs | S3 | 0.7850 | * | congestion | |
| R1 | 0.8000 | ** | congestion | S4 | 0.7800 | * | congestion |
Asterisk denotes strength of level
09:15 BST - Selling interest has given way to a sharp reversal higher, with prices currently testing levels just above congestion resistance at 0.8000. Daily readings have turned mixed/positive and broader weekly charts are rising, highlighting room for a test of critical resistance at the 0.8040/43 current year highs from January-March. A close above here will further improve sentiment and extend January gains initially towards the 0.8100 - 0.8125 range. Meanwhile, support is down to congestion around 0.7950 and should underpin any immediate setbacks.