Published: 2026-05-18T08:32:24.000Z
Chart USD/CHF Update: Consolidating gains
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Anticipated gains have reached 0.7875
| 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
09:25 BST - Anticipated gains have reached 0.7875, where unwinding overbought intraday studies are prompting profit-taking, and a pullback to congestion support at 0.7850. A break beneath here cannot be ruled out. But rising daily readings and improving weekly charts should limit scope in renewed buying interest above further congestion around 0.7800. Following cautious trade, fresh gains are looked for, with later focus to turn back to resistance within congestion around 0.7900 and the 0.7925 weekly high of 29 April