Published: 2025-06-09T08:26:52.000Z
Chart USD/CHF Update: Cautious trade
Senior Technical Strategist
1
Still little change, as prices extend cautious trade around congestion resistance at 0.8200
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8350 | break level | S1 | 0.8155 | * | 2 Jun (w) low | ||
| R3 | 0.8300 | ** | congestion | S2 | 0.8100 | congestion | ||
| R2 | 0.8250 | congestion | S3 | 0.8038 | ** | 21 Apr YTD low | ||
| R1 | 0.8200 | * | congestion | S4 | 0.8000 | ** | congestion |
Asterisk denotes strength of level
09:10 BST - Still little change, as prices extend cautious trade around congestion resistance at 0.8200. Intraday studies have turned down, suggesting room for a test lower towards the 0.8155 weekly low of 2 June. But improving daily readings and mixed weekly charts are expected to limit any initial tests in consolidation. A close beneath here, however, will add weight to sentiment and extend May losses towards congestion around 0.8100. Meanwhile, resistance remains up to congestion around 0.8250. But a close above 0.8300 would improve price action and prompt a bounce towards 0.8400.