Published: 2025-12-03T09:55:04.000Z
Chart USD/CHF Update: Leaning lower
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Choppy trade beneath resistance at the 0.8050 break level is giving way to a pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170~ | ** | 1 Aug (m) high | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8155 | ** | 50% ret of May-Sep fall | S2 | 0.7950 | * | congestion | |
| R2 | 0.8100 | ** | break level | S3 | 0.7900 | * | congestion | |
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:40 GMT - Choppy trade beneath resistance at the 0.8050 break level is giving way to a pullback, as intraday studies turn down, with focus on congestion support at 0.8000. Daily readings are also under pressure, highlighting room for a test beneath here. However, rising weekly charts are expected to limit scope in renewed buying interest/consolidation above further congestion around 0.7950. Meanwhile, a close above 0.8050, if seen, will help to stabilise price action and give way to consolidation beneath resistance at the 0.8100 break level.