Published: 2026-10-23T08:30:53.000Z
Chart USD/CHF Update: Limited tests higher
1
Choppy trade above congestion support at 0.8200 is giving way to a bounce
| 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 BST - Choppy trade above congestion support at 0.8200 is giving way to a bounce, as intraday studies turn higher, with prices currently trading around 0.8230. Oversold daily stochastics are also ticking up, suggesting room for a test of congestion resistance at 0.8250. But the bearish daily Tension Indicator and negative longer-term charts should limit any break in renewed selling interest towards 0.8300.
Following cautious/corrective trade, fresh losses are looked for. A later close below 0.8200 will add weight to sentiment and extend mid-October losses initially towards the 0.8175 Fibonacci retracement.