Published: 2026-10-07T07:19:21.000Z
Chart USD/CHF Update: Extending corrective gains
1
Bounce from .8226 Friday's low see prices retracing sharp losses from the .8382 current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8475 | ** | May 2025 high | S1 | 0.8265/50 | * | 16 Sep high, congestion | |
| R3 | 0.8400 | * | 50% 2025/2026 fall | S2 | 0.8200 | ** | congestion | |
| R2 | 0.8382 | ** | 1 Oct YTD high | S3 | 0.8150 | * | congestion | |
| R1 | 0.8350 | congestion | S4 | 0.8100 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Bounce from .8226 Friday's low see prices retracing sharp losses from the .8382 current year high. Daily studies are unwinding overbought readings and suggest gains giving way to fresh selling pressure later. Below the .8265/50 support will expose the .8226 low to retest. Break here will see room to the strong support at the .8200/.8150 congestion area. Meanwhile, resistance at the .8350/.8382 congestion and current year high are expected to cap. Clearance, if seen, will open up room for stronger gains to retrace the 2025/2026 losses.