Published: 2026-06-16T08:30:49.000Z
Chart USD/CHF Update: Cautious trade - daily studies under pressure
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Cautious trade has bounced from 0.7920, with prices currently balanced around congestion resistance at 0.7950
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | congestion | S1 | 0.7900 | ** | congestion | |
| R3 | 0.8040/43 | ** | Jan-Mar YTD highs | S2 | 0.7850 | * | congestion | |
| R2 | 0.8000 | ** | congestion | S3 | 0.7800 | * | congestion | |
| R1 | 0.7950 | * | congestion | S4 | 0.7760/70 | ** | 8 May (m) low; 61.8% ret |
Asterisk denotes strength of level
09:20 BST - Cautious trade has bounced from 0.7920, with prices currently balanced around congestion resistance at 0.7950. However, both daily stochastics and the daily Tension Indicator highlight room for fresh losses in the coming sessions, with a later break below 0.7920 giving way to a test of congestion support at 0.7900. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above further congestion around 0.7850. Meanwhile, a close back above 0.7950 would help to stabilise price action and prompt consolidation beneath congestion resistance at 0.8000.