Published: 2026-10-26T09:33:18.000Z
Chart USD/CHF Update: Gains to remain limited
2
Cautious trade around 0.8230 has given way to a fresh push higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8395/00 | ** | 14 Oct YTD high; 50% ret | S1 | 0.8200 | * | congestion | |
| R3 | 0.8350 | * | break level | S2 | 0.8175 | ** | 50% ret of Aug-Oct rally | |
| R2 | 0.8300 | * | congestion lows | S3 | 0.8150 | congestion | ||
| R1 | 0.8250 | congestion | S4 | 0.8120 | ** | 61.8% ret of Aug-Oct rally |
Asterisk denotes strength of level
09:20 GMT - Cautious trade around 0.8230 has given way to a fresh push higher, as intraday studies continue to improve, with prices currently testing levels just above congestion resistance at 0.8250. Oversold daily stochastics are unwinding, suggesting room for continuation towards 0.8300. But the bearish daily Tension Indicator and deteriorating weekly charts should limit any initial tests in fresh consolidation.
Following cautious/corrective trade, fresh losses are looked for. A later close below congestion support at 0.8200 will add weight to sentiment and extend mid-October losses initially towards the 0.8175 Fibonacci retracement.