Published: 2025-06-20T08:34:53.000Z
Chart USD/CHF Update: Immediate losses to remain limited
Senior Technical Strategist
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Little change, as prices extend cautious trade beneath congestion resistance at 0.8200
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8347 | 29 May (w) high | S1 | 0.8100 | congestion | |||
| R3 | 0.8300 | ** | congestion | S2 | 0.8038 | ** | 21 Apr YTD low | |
| R2 | 0.8250 | congestion | S3 | 0.8000 | ** | congestion | ||
| R1 | 0.8200 | * | congestion | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rally |
Asterisk denotes strength of level
09:20 BST - Little change, as prices extend cautious trade beneath congestion resistance at 0.8200. Intraday studies are turning down and rising daily stochastics are flattening beneath overbought areas, suggesting potential for further tests lower. Support is down to congestion around 0.8100. But the rising daily Tension Indicator and a tick higher in weekly stochastics should limit any initial tests in consolidation. Meanwhile, a break above 0.8200 will target further congestion around 0.8250, where bearish longer-term charts are expected to prompt fresh selling interest.