Published: 2026-02-23T09:26:49.000Z
Chart USD/CHF Update: Cautious trade
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Cautious trade has given way to a minor pullback to 0.7710
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7900 | ** | congestion | S1 | 0.7700 | * | break level | |
| R3 | 0.7830~ | * | 17 Sep 2025 (y) low | S2 | 0.7660 | congestion | ||
| R2 | 0.7800 | * | break level | S3 | 0.7635~ | * | 10 Feb (w) low | |
| R1 | 0.7750 | congestion | S4 | 0.7600 | ** | 28 Jan YTD low |
Asterisk denotes strength of level
09:20 GMT - Cautious trade has given way to a minor pullback to 0.7710, where unwinding oversold intraday studies are prompting a bounce back to 0.7740. Overbought daily stochastics are ticking lower, suggesting room for a fresh test lower. But the rising daily Tension Indicator and mixed weekly charts should limit scope in renewed buying interest/consolidation above congestion around 0.7660. Followiing cautious/corrective trade, fresh gains are looked for. A break above 0.7750 will improve sentiment and open up a test of resistance at 0.7800.