Published: 2026-05-26T08:17:56.000Z
Chart USD/CHF Update: Consolidating tests lower
-
The anticipated break below 0.7850 has bounced from just above congestion support at 0.7800
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7950 | * | congestion | S1 | 0.7800 | * | congestion | |
| R3 | 0.7925 | ** | 29 Apr (w) high | 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
09:05 BST - The anticipated break below 0.7850 has bounced from just above congestion support at 0.7800, as oversold intraday studies unwind, with prices currently balanced around 0.7845. A test back above 0.7850 cannot be ruled out, but negative daily readings should limit scope in renewed consolidation beneath congestion resistance at 0.7900. Meanwhile, rising weekly charts should limit any tests below 0.7800 in renewed buying interest/consolidation above the 0.7770 Fibonacci retracement.