Published: 2026-04-13T08:33:43.000Z
Chart USD/CHF Update: Cautious trade - studies under pressure
-
The opening gap higher has been pushed back from 0.7935
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | congestion | S1 | 0.7900 | ** | congestion | |
| R3 | 0.8040 | ** | 15-16 Jan YTD high | S2 | 0.7875 | ** | 38.2% ret of Jan-Mar rally | |
| R2 | 0.8000 | * | break level | S3 | 0.7850 | * | congestion, recent lows | |
| R1 | 0.7950 | * | congestion | S4 | 0.7825/35 | 50% ret; 23 Mar (w) low |
Asterisk denotes strength of level
09:25 BST - The opening gap higher has been pushed back from 0.7935, with prices currently pressuring congestion support at 0.7900. The bearish daily Tension Indicator highlights room for a break back beneath here towards the 0.7875 Fibonacci retracement. But flat oversold daily stochastics could limit any initial tests in consolidation, before bearish weekly charts prompt further losses. A close beneath here would turn sentiment negative and extend late-March losses initially towards 0.7850. Meanwhile, resistance remains at congestion around 0.7950 and should cap any immediate tests higher.