Published: 2026-10-16T08:54:01.000Z
Chart USD/CHF Update: Extending losses
1
Consolidation has given way to anticipated losses
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8475~ | ** | May 2025 (m) high | S1 | 0.8225~ | * | 2 Oct (w) low, 38.2% ret | |
| R3 | 0.8395/00 | ** | 14 Oct YTD high; 50% ret | S2 | 0.8200 | * | congestion | |
| R2 | 0.8350 | * | break level | S3 | 0.8175 | ** | 50% ret of Aug-Oct rally | |
| R1 | 0.8300 | * | congestion lows | S4 | 0.8150 | congestion |
Asterisk denotes strength of level
09:35 BST - Consolidation has given way to anticipated losses, with the break below 0.8300 adding weight to sentiment and putting focus on strong support at 0.8225. Daily studies are bearish and broader weekly charts have turned mixed/negative, highlighting room for further losses in the coming sessions. A break below 0.8225 will open up congestion support at 0.8200. But already oversold daily stochastics could limit any immediate tests beneath here in short-covering/consolidation above the 0.8175 Fibonacci retracement.
Meanwhile, a close back above resistance at 0.8300 will help to stabilise sentiment and prompt fresh consolidation beneath 0.8350.