Chart USD/CHF Update: Leaning lower - critical support at 0.7600
Anticipated selling interest is giving way to consolidation above the 0.7635~ low of 30 January
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7830~ | * | 17 Sep 2025 (y) low | S1 | 0.7635~ | 30 Jan low | ||
| R3 | 0.7800 | * | break level | S2 | 0.7600 | ** | 28 Jan YTD low | |
| R2 | 0.7750 | congestion | S3 | 0.7500 | * | figure | ||
| R1 | 0.7700 | * | break level | S4 | 0.7400 | * | figure |
Asterisk denotes strength of level
10:10 GMT - Anticipated selling interest is giving way to consolidation above the 0.7635~ low of 30 January, as oversold intraday studies edge higher, with prices currently balanced around 0.7660. Daily readings are turning down and broader weekly charts are under pressure, highlighting room for further losses in the coming sessions. A break below 0.7635~ will open up critical support at the 0.7600 current year low of 28 January. A further close beneath here will turn sentiment negative and extend December 2016 losses initially to 0.7500. Meanwhile, resistance is lowered to the 0.7700 break level. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath 0.7800.