Published: 2026-01-14T09:33:33.000Z
Chart USD/CHF Update: Extending gains
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Cautious trade has given way to a push higher in CHF-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170 | ** | 1 Aug (m) high | S1 | 0.8000 | ** | congestion | |
| R3 | 0.8155 | ** | 50% ret of May-Sep fall | S2 | 0.7950 | * | congestion | |
| R2 | 0.8100 | ** | break level | S3 | 0.7900 | * | congestion | |
| R1 | 0.8050 | break level | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:20 GMT - Cautious trade has given way to a push higher in CHF-driven trade, with the break above 0.8000 currently trading around 0.8025. The rising daily Tension Indicator highlights room for a test of resistance at 0.8050. But flat overbought daily stochastics are expected to limit any initial tests in consolidation, before positive weekly charts extend late-December gains towards 0.8100. Meanwhile, a close back below congestion support at 0.8000 would turn sentiment neutral once again and prompt consolidation above 0.7950.