Published: 2025-11-11T09:15:53.000Z
Chart USD/CHF Update: Leaning lower
1
Cautious trade around 0.8050 is giving way to a break lower
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170~ | ** | 1 Aug (m) range high | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8155 | ** | 50% ret of May-Sep fall | S2 | 0.7950 | * | congestion | |
| R2 | 0.8100 | ** | break level | S3 | 0.7900 | congestion | ||
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:05 GMT - Cautious trade around 0.8050 is giving way to a break lower, as intraday studies turn down, with prices currently trading around 0.8035. Both daily stochastics and the daily Tension Indicator are also falling, highlighting room for a test of congestion support at 0.8000. But positive weekly charts should prompt fresh consolidation around here. Meanwhile, a close back above 0.8050 would help to stabilise price action and prompt consolidation beneath 0.8100.