Chart USD/CHF Update: Sharp pullback
The break above congestion resistance at 0.8000 has been pushed back from 0.8015 in both USD- and CHF-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8125 | ** | November 2025 (m) high | S1 | 0.7950 | * | congestion | |
| R3 | 0.8100 | ** | congestion | S2 | 0.7900 | ** | congestion | |
| R2 | 0.8040/43 | ** | Jan-Mar YTD highs | S3 | 0.7850 | * | congestion | |
| R1 | 0.8000 | ** | congestion | S4 | 0.7800 | * | congestion |
Asterisk denotes strength of level
09:20 BST - The break above congestion resistance at 0.8000 has been pushed back from 0.8015 in both USD- and CHF-driven trade, with sharp losses giving way to consolidation around congestion support at 0.7950. Overbought daily stochastics are unwinding and the positive daily Tension Indicator is flattening, suggesting room for a test beneath here. However, rising weekly charts should limit scope in renewed buying interest/consolidation above further congestion around 0.7900. Following cautious/corrective trade, fresh gains are looked for. A break above 0.8000 will open up the 0.8040/43 current year highs. A further close above here will extend January gains towards 0.8100.