Published: 2026-03-16T09:27:54.000Z
Chart USD/CHF Update: Consolidating gains - background studies positive
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The break above congestion at 0.7900 has been pushed back from 0.7920/25
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8000 | * | break level | S1 | 0.7850 | congestion | ||
| R3 | 0.7950 | * | congestion | S2 | 0.7825 | congestion | ||
| R2 | 0.7923 | intraday high | S3 | 0.7800 | * | break level | ||
| R1 | 0.7900 | ** | congestion | S4 | 0.7750 | * | congestion |
Asterisk denotes strength of level
09:20 GMT - The break above congestion at 0.7900 has been pushed back from 0.7920/25, as intraday studies turn down and overbought daily stochastics flatten, with prices once again balanced beneath 0.7900. A minor pullback is possible towards congestion around 0.7850. But the rising daily Tension Indicator and positive weekly charts should limit any break in renewed buying interest within the 0.7800/25 range. Following cautious/corrective trade, fresh gains are looked for. A later break back above 0.7900 will improve sentiment and extend late-January gains initially to congestion around 0.7950.