Chart USD/CHF Update: Cautious trade - limited tests higher
Little change, as prices extend cautious/choppy trade around 0.7930
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8100 | ** | break level | S1 | 0.7900 | * | congestion | |
| R3 | 0.8050 | break level | S2 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | ||
| R2 | 0.8000 | ** | congestion | S3 | 0.7830~ | ** | 17 Sep 2025 (y) low | |
| R1 | 0.7950 | * | congestion | S4 | 0.7800 | figure |
Asterisk denotes strength of level
09:20 GMT - Little change, as prices extend cautious/choppy trade around 0.7930. Rising daily stochastics and a tick higher in the daily the daily Tension Indicator highlight room for a test of congestion resistance at 0.7950. But negative weekly charts should limit any break in renewed selling interest beneath further congestion around 0.8000. Following cautious trade, fresh losses are looked for. Immediate support remains at congestion around 0.7900. But a close below critical support at the 0.7850 Fibonacci retracement and the 0.7830~ year low of 17 September 2025 is needed to add weight to sentiment and extend long-term losses initially towards 0.7800.