Published: 2025-09-12T08:43:11.000Z
Chart USD/CHF Update: Cautious trade
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The test of congestion resistance at 0.8000 has given way to a pullback to 0.7950
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8132 | 11 Aug (w) high | S1 | 0.7900 | congestion | |||
| R3 | 0.8100 | * | congestion | S2 | 0.7872 | ** | 1 Jul YTD low | |
| R2 | 0.8050 | break level | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R1 | 0.8000 | ** | congestion | S4 | 0.7800 | * | figure |
Asterisk denotes strength of level
09:30 BST - The test of congestion resistance at 0.8000 has given way to a pullback to 0.7950, where mixed intraday studies and a tick higher in daily stochastics are prompting short-term consolidation. The daily Tension Indicator is edging lower, suggesting room for a later break beneath here. But mixed weekly charts are expected to limit initial scope in fresh consolidation above further congestion around 0.7900. Meanwhile, any immediate tests above 0.8000 should be limited in consolidation beneath 0.8050.