Published: 2025-12-04T09:34:55.000Z
Chart USD/CHF Update: Prices remain under pressure
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Anticipated losses have reached congestion support at 0.8000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170~ | ** | 1 Aug (m) high | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8155 | ** | 50% ret of May-Sep fall | S2 | 0.7950 | * | congestion | |
| R2 | 0.8100 | ** | break level | S3 | 0.7900 | * | congestion | |
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:25 GMT - Anticipated losses have reached congestion support at 0.8000, where unwinding oversold intraday studies are prompting short-term reactions. Daily readings continue to track lower, highlighting room for further losses in the coming sessions, with a break beneath here adding weight to sentiment and opening up further congestion around 0.7950. However, rising weekly charts could limit any initial tests of here in short-covering/consolidation. Meanwhile, resistance remains at the 0.8050 break level. A close above here, if seen, will help to stabilise price action and give way to consolidation beneath resistance at the 0.8100 break level.