Chart USD/CHF Update: Room for a minor test higher
Little change, as prices extend cautious trade just above resistance at 0.7700
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7830~ | * | 17 Sep 2025 (y) low | S1 | 0.7635~/50 | 30 Jan low; cong | ||
| R3 | 0.7800 | * | break level | S2 | 0.7600 | ** | 28 Jan YTD low | |
| R2 | 0.7750 | congestion | S3 | 0.7500 | * | figure | ||
| R1 | 0.7700 | * | break level | S4 | 0.7400 | * | figure |
Asterisk denotes strength of level
11:10 GMT - Little change, as prices extend cautious trade just above resistance at 0.7700. Daily stochastics and the daily Tension Indicator have ticked higher, suggesting room for a move towards congestion resistance at 0.7750. But already overbought daily stochastics and mixed weekly charts should limit initial tests in consolidation. A break, if seen, is expected to meet fresh selling interest beneath 0.7800. Following cautious/corrective trade, lower levels are looked for. Support remains within the 0.7635~/50 range. But a later close below the 0.7600 current year low of 28 January will turn sentiment negative and confirm continuation of long-term bear trends.