Published: 2025-04-02T08:15:10.000Z
Chart USD/CHF Update: Range extension - studies edging higher
Senior Technical Strategist
2
Little change, as prices extend consolidation around resistance at 0.8850
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9035 | ** | 28 Feb (w) high | S1 | 0.8800 | ** | congestion | |
| R3 | 0.9000 | ** | congestion | S2 | 0.8757 | ** | 10 Mar YTD low | |
| R2 | 0.8900 | ** | break level | S3 | 0.8727 | ** | 6 Dec (m) low | |
| R1 | 0.8850 | * | recent highs | S4 | 0.8690 | ** | 61.8% ret of Sep-Jan rally |
Asterisk denotes strength of level
09:00 BST - Little change, as prices extend consolidation around resistance at 0.8850. Intraday studies have ticked higher and daily readings continue to improve, suggesting room for a test above here. However, negative weekly charts are expected to limit March gains in renewed selling interest towards stronger resistance at 0.8900. Meanwhile, support is at congestion around 0.8800. But a close below the 0.8757 current year low of 10 March is needed to turn sentiment negative and confirm continuation of January losses.