Published: 2026-01-08T09:26:51.000Z
Chart USD/CHF Update: Extending corrective gains
2
Little change, as prices extend consolidation following the break above 0.7950
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8155 | ** | 50% ret of May-Sep fall | S1 | 0.7950 | * | congestion | |
| R3 | 0.8100 | ** | break level | S2 | 0.7900 | * | congestion | |
| R2 | 0.8050 | break level | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R1 | 0.8000 | ** | congestion | S4 | 0.7830~ | ** | 17 Sep 2025 (y) low |
Asterisk denotes strength of level
09:20 GMT - Little change, as prices extend consolidation following the break above 0.7950. Daily readings continue to rise, highlighting room for continuation towards congestion resistance at 0.8000. But mixed weekly charts should limit any further break above here in consolidation beneath 0.8050. Meanwhile, a break back below congestion support at 0.7950, if seen, would help to stabilise price action and prompt fresh consolidation above further congestion around 0.7900.