Chart USD/CHF Update: Fresh year highs in USD- and CHF-driven trade
Anticipated gains have posted a fresh year high around 0.8340 in both USD- and CHF-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8475~ | ** | May 2025 high | S1 | 0.8300 | congestion | ||
| R3 | 0.8450 | congestion | S2 | 0.8250 | * | congestion | ||
| R2 | 0.8400 | ** | 50% ret of 2025-2026 fall | S3 | 0.8200 | * | congestion | |
| R1 | 0.8350 | * | late-May 25 (w) high | S4 | 0.8150 | congestion |
Asterisk denotes strength of level
09:15 BST - Anticipated gains have posted a fresh year high around 0.8340 in both USD- and CHF-driven trade. However, rising daily and weekly charts highlight room for further strength in the coming sessions. Resistance is at the 0.8350 weekly high from mid-May 2025. A close above here will further improve sentiment and extend January gains towards stronger resistance at the 0.8400 Fibonacci retracement. Already overbought daily stochastics and overstretched weekly readings could prompt profit-taking towards here and limit any initial tests in consolidation.
Meanwhile, support is raised to congestion around 0.8300. A close beneath here, if seen, will help to stabilise sentiment and give way to consolidation above further congestion around 0.8250.