Published: 2025-10-30T09:26:21.000Z
Chart USD/CHF Update: Poised for further gains
1
The anticipated test of congestion resistance at 0.8000 has extended to 0.8020
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | break level | S1 | 0.7950 | * | recent lows | |
| R3 | 0.8075 | 9 Oct (w) high | S2 | 0.7900 | congestion | |||
| R2 | 0.8050 | break level | S3 | 0.7873 | 17 Oct (w) low | |||
| R1 | 0.8000 | ** | congestion | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:20 GMT - The anticipated test of congestion resistance at 0.8000 has extended to 0.8020, before settling back, as overbought intraday studies unwind, into consolidation beneath 0.8000. Daily stochastics are rising and the daily Tension Indicator is also improving, highlighting room for a fresh test above 0.8000. Focus will then turn to 0.8050. Rising weekly charts highlight potential for still further gains. Meanwhile, any fresh tests below support at 0.7950 should be limited in consolidation above congestion support at 0.7900.