Published: 2026-04-21T08:46:58.000Z
Chart USD/CHF Update: Limited tests higher
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Minor losses have once again bounced from 0.7775
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7950 | * | congestion | S1 | 0.7770 | ** | 61.8% ret of Jan-Mar rally | |
| R3 | 0.7900 | ** | congestion | S2 | 0.7750 | * | congestion | |
| R2 | 0.7850 | * | congestion | S3 | 0.7700/10 | ** | congestion; 76.4% ret | |
| R1 | 0.7800 | * | congestion | S4 | 0.7670 | * | congestion lows |
Asterisk denotes strength of level
09:25 BST - Minor losses have once again bounced from 0.7775, as intraday studies turn higher, with prices currently pressuring congestion resistance at 0.7800. A test above here cannot be ruled out. But negative daily readings and deteriorating weekly charts should limit scope in renewed selling interest beneath further congestion around 0.7850. Following cautious trade, fresh losses are looked for. However, a close below the 0.7770 Fibonacci retracement is needed to turn sentiment negative and extend late-March losses below congestion around 0.7750 towards strong support at 0.7700/10.