Published: 2025-10-22T08:22:15.000Z
Chart USD/CHF Update: Edging higher
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Consolidation following the break above 0.7950 is giving way to fresh gains
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | congestion | S1 | 0.7950 | * | recent lows | |
| R3 | 0.8075 | 9 Oct (w) high | S2 | 0.7900 | congestion | |||
| R2 | 0.8050 | break level | S3 | 0.7873 | 17 Oct (w) low | |||
| R1 | 0.8000 | ** | congestion | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:05 BST - Consolidation following the break above 0.7950 is giving way to fresh gains, as intraday studies turn higher, with prices currently trading around 0.7970. Oversold daily stochastics are turning higher, highlighting room for a test of congestion resistance at 0.8000. But the negative daily Tension Indicator is expected to limit any initial tests in consolidation, before improving weekly charts prompt a break towards 0.8050. Meanwhile, a close back below 0.7950, if seen, would stabilise price action and give way to consolidation above congestion support at 0.7900.