Chart USD/CHF Update: Choppy in range - background studies under pressure
Anticipated gains failed to make much headway beyond congestion resistance at 0.7950
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | break level | S1 | 0.7900 | * | congestion | |
| R3 | 0.8050 | break level | S2 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R2 | 0.8000 | ** | congestion | S3 | 0.7830~ | ** | 17 Sep 2025 (y) low | |
| R1 | 0.7950 | * | congestion | S4 | 0.7800 | figure |
Asterisk denotes strength of level
09:25 GMT - Anticipated gains failed to make much headway beyond congestion resistance at 0.7950, with prices falling back from 0.7965~ to congestion support at 0.7900. Mixed intraday studies are prompting consolidation above here. Overbought daily stochastics are flattening and the rising daily Tension Indicator is showing early signs of flattening, suggesting any fresh tests above 0.7950 should meet renewed selling interest beneath congestion around 0.8000. Following cautious trade, bearish weekly charts highlight room for renewed losses. However, a close below critical support at the 0.7850 Fibonacci retracement and the 0.7830~ year low of 17 September 2025 is needed to add weight to sentiment and extend long-term losses initially towards 0.7800.