Published: 2026-05-29T08:29:08.000Z
Chart USD/CHF Update: Leaning lower
1
The break below 0.7850 has given way to consolidation
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7950 | * | congestion | S1 | 0.7800 | * | congestion | |
| R3 | 0.7925 | ** | 29 Apr (w) high | S2 | 0.7770 | ** | 61.8% ret of Jan-Mar rally | |
| R2 | 0.7900 | ** | congestion | S3 | 0.7750 | * | congestion | |
| R1 | 0.7850 | * | congestion | S4 | 0.7700/10 | ** | congestion; 76.4% ret |
Asterisk denotes strength of level
09:15 BST - The break below 0.7850 has given way to consolidation, with prices currently trading around 0.7845. Daily stochastics and the daily Tension Indicator have turned down, highlighting room for further tests lower in the coming sessions. However, rising weekly charts should limit scope in renewed buying interest/consolidation above congestion around 0.7800. Stronger support is at the 0.7770 Fibonacci retracement. A close beneath here would turn sentiment negative and extend late-March losses towards 0.7700/10. Meanwhile, resistance is lowered to congestion around 0.7850. A close back above here should be limited in consolidation beneath 0.7900.