Published: 2026-04-10T08:24:23.000Z
Chart USD/CHF Update: Consolidating - studies under pressure
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Little change, as prices extend cautious trade above congestion support at 0.7900
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | congestion | S1 | 0.7900 | ** | congestion | |
| R3 | 0.8040 | ** | 15-16 Jan YTD high | S2 | 0.7875 | ** | 38.2% ret of Jan-Mar rally | |
| R2 | 0.8000 | * | break level | S3 | 0.7850 | * | congestion, recent lows | |
| R1 | 0.7950 | * | congestion | S4 | 0.7825/35 | 50% ret; 23 Mar (w) low |
Asterisk denotes strength of level
09:15 BST - Little change, as prices extend cautious trade above congestion support at 0.7900. Daily readings continue to point lower and overbought weekly stochastics are unwinding, highlighting room for fresh losses in the coming sessions. However, a close below the 0.7875 Fibonacci retracement is needed to turn sentiment negative and extend late-March losses initially towards 0.7850. Meanwhile, resistance remains at congestion around 0.7950 and should cap any immediate tests higher.