Published: 2025-09-25T07:46:36.000Z
Chart USD/CHF Update: Room to extend corrective bounce from .7829 low
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Extending consolidation below the .7972 bounce high but scope seen for break to retrace losses from the August high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8132 | * | 11 Aug high | S1 | 0.7900 | * | congestion | |
| R3 | 0.8100 | * | congestion | S2 | 0.7829 | ** | 17 Sep YTD low | |
| R2 | 0.8050 | * | congestion | S3 | 0.7800 | * | figure | |
| R1 | 0.8000 | ** | congestion | S4 | 0.7711 | ** | Sep 2011 low |
Asterisk denotes strength of level
07:40 GMT - Extending consolidation below the .7972 bounce high with the resulting flag pattern suggesting scope for break here to open up room for stronger gains retrace losses from the August high. The daily and weekly studies have turned up from oversold areas suggest scope to extend bounce from the .7829 low, above the .8000 level will see room to the .8050/.8100 congestion. Meanwhile, support is raised to the .7900 congestion which now underpin. Below this will return focus to the downside for retest of the .7829 low and the .7800 figure.