Published: 2025-09-11T08:29:31.000Z
Chart USD/CHF Update: Room for a minor test higher
0
-
Little change, as prices extend cautious trade beneath congestion resistance at 0.8000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8132 | 11 Aug (w) high | S1 | 0.7900 | congestion | |||
| R3 | 0.8100 | * | congestion | S2 | 0.7872 | ** | 1 Jul YTD low | |
| R2 | 0.8050 | break level | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R1 | 0.8000 | ** | congestion | S4 | 0.7800 | * | figure |
Asterisk denotes strength of level
09:20 BST - Little change, as prices extend cautious trade beneath congestion resistance at 0.8000. Daily stochastics are turning higher, suggesting room for a test above here. But the bearish daily Tension Indicator and mixed weekly charts are expected to limit scope in renewed selling interest beneath 0.8050. Meanwhile, support remains at congestion around 0.7900 and extends to the 0.7872 current year low of 1 July. But a close below the 0.7850 Fibonacci retracement is needed to turn sentiment outright negative and confirm continuation of 2016 losses.