Chart USD/CHF Update: Consolidating sharp pullback - background studies rising
The retest above congestion resistance at 0.8200 has given way to a sharp pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8300 | ** | congestion | S1 | 0.8150 | congestion | ||
| R3 | 0.8250 | * | congestion | S2 | 0.8125 | ** | 5 November 2025 (m) high | |
| R2 | 0.8220 | ** | 38.2% ret of 2025-2026 fall | S3 | 0.8100 | * | congestion | |
| R1 | 0.8200 | * | congestion | S4 | 0.8050 | break level |
Asterisk denotes strength of level
09:15 BST - The retest above congestion resistance at 0.8200 has given way to a sharp pullback, with prices testing below 0.8150 before bouncing from 0.8135~ into fresh consolidation above 0.8150. Overbought daily stochastics are unwinding and the positive daily Tension Indicator is flattening, suggesting room for fresh tests lower. But mixed/positive weekly charts should prompt renewed buying interest within support at congestion around 0.8100 and the 0.8125 monthly high of 5 November. Following cautious/corrective trade, fresh gains are looked for. However, a close above the 0.8220 Fibonacci retracement is needed to improve sentiment and extend January gains towards 0.8250.