Published: 2025-10-07T08:22:22.000Z
Chart USD/CHF Update: Further consolidation - background studies rising
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Quiet trade, with prices balanced in consolidation around 0.7950
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170~ | ** | 1 Aug YTD high | S1 | 0.7900 | congestion | ||
| R3 | 0.8100 | * | congestion | S2 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | |
| R2 | 0.8050 | break level | S3 | 0.7829 | 17 Sep YTD low | |||
| R1 | 0.8000 | ** | congestion | S4 | 0.7800 | * | figure |
Asterisk denotes strength of level
09:15 BST - Quiet trade, with prices balanced in consolidation around 0.7950. Intraday studies are rising, highlighting potential for a move higher towards congestion resistance at 0.8000. But mixed/negative daily readings are expected to limit any initial tests in consolidation, before rising weekly charts prompt a break. A close above 0.8000 will open up 0.8050, with room for continuation towards congestion around 0.8100. Meanwhile, support is down to congestion around 0.7900 and should underpin any immediate setbacks.