Chart USD/CHF Update: Limited tests higher
Little change, as prices extend cautious trade just beneath resistance at 0.7700
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7830~ | * | 17 Sep 2025 (y) low | S1 | 0.7635~ | 30 Jan low | ||
| R3 | 0.7800 | * | break level | S2 | 0.7600 | ** | 28 Jan YTD low | |
| R2 | 0.7750 | congestion | S3 | 0.7500 | * | figure | ||
| R1 | 0.7700 | * | break level | S4 | 0.7400 | * | figure |
Asterisk denotes strength of level
11:30 GMT - Little change, as prices extend cautious trade just beneath resistance at 0.7700. Daily stochastics continue to rise and the daily Tension Indicator has ticked higher, highlighting room for a test above here towards congestion around 0.7750. However, negative weekly charts should limit any initial tests in renewed selling interest/consolidation. Following cautious trade, fresh losses are looked for. Support is at the 0.7635~ low of 30 January. A break will open up critical support at the 0.7600 current year low of 28 January. A further close beneath here will turn sentiment negative and extend December 2016 losses initially to 0.7500.