Published: 2026-03-03T09:38:50.000Z
Chart USD/CHF Update: Extending gains in both USD- and CHF-driven trade
-
Cautious trade has given way to sharp USD- and CHF-driven gains
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8040 | ** | 15 Jan YTD high | S1 | 0.7700 | * | break level | |
| R3 | 0.8000 | ** | congestion | S2 | 0.7660 | congestion | ||
| R2 | 0.7950 | * | congestion | S3 | 0.7800 | * | break level | |
| R1 | 0.7900 | * | congestion | S4 | 0.7750 | * | congestion |
Asterisk denotes strength of level
09:25 GMT - Cautious trade has given way to sharp USD- and CHF-driven gains, with the break above 0.7800 improving sentiment and completing a multi-week base above the 0.7600~ current year low of 27 January. Daily readings have turned positive and broader weekly charts are rising, putting focus on congestion resistance at 0.7900. A break will open up further congestion around 0.7950. However, by-then overbought daily stochastics could limit any initial tests in consolidation. Meanwhile, support is raised to 0.7700. A close back beneath here will turn sentiment neutral and prompt consolidation above 0.7750.