Published: 2026-05-13T08:27:24.000Z
Chart USD/CHF Update: Edging higher
2
The anticipated break above 0.7800 has reached 0.7830
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8000 | ** | congestion | S1 | 0.7800 | * | congestion | |
| R3 | 0.7950 | * | congestion | S2 | 0.7770 | ** | 61.8% ret of Jan-Mar rally | |
| R2 | 0.7900 | ** | congestion | S3 | 0.7750 | * | congestion | |
| R1 | 0.7850 | * | congestion | S4 | 0.7700/10 | ** | congestion; 76.4% ret |
Asterisk denotes strength of level
09:20 BST - The anticipated break above 0.7800 has reached 0.7830, before settling into consolidation beneath here. Oversold daily stochastics are unwinding and the daily Tension Indicator is ticking higher, suggestion room for further gains in the coming sessions. Focus is expected to remain on congestion resistance at 0.7850. But negative weekly charts should limit any initial tests in consolidation. Meanwhile, support is raised to congestion around 0.7800 and extends to the 0.7770 Fibonacci retracement. This range should underpin any immediate setbacks.