Published: 2026-10-20T08:33:42.000Z
Chart USD/CHF Update: Cautious trade - studies under pressure
1
Little change, as prices extend cautious/choppy trade around 0.8250
| 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
09:25 BST - Little change, as prices extend cautious/choppy trade around 0.8250. Daily readings continue to point lower and broader weekly charts continue to deteriorate, highlighting room for further losses in the coming sessions. A later close below strong support at 0.8225 will add weight to already bearish price action, and extend mid-October losses below congestion support at 0.8200 towards 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.