Published: 2025-06-03T08:42:57.000Z
Chart USD/CHF Update: Consolidating losses - studies under pressure
Senior Technical Strategist
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The break below 0.8200 is giving way to consolidation above 0.8155
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8480 | ** | 38.2% ret of Jan-Apr fall | S1 | 0.8100 | minor congestion | ||
| R3 | 0.8400 | * | congestion | S2 | 0.8038 | ** | 21 Apr YTD low | |
| R2 | 0.8300 | ** | congestion | S3 | 0.8000 | ** | figure | |
| R1 | 0.8200 | * | congestion | S4 | 0.7850 | ** | 76.4% ret of 2011-2016 rise |
Asterisk denotes strength of level
09:25 BST - The break below 0.8200 is giving way to consolidation above 0.8155, as oversold intraday studies unwind, with prices currently balanced around 0.8180. A test of congestion resistance at 0.8200 cannot be ruled out. But mixed/negative daily and weekly readings are expected to limit any break in renewed selling interest beneath further congestion around 0.8300. Following cautious/corrective trade, fresh losses are looked for, with later focus to turn back to congestion support at 0.8100. A further break will add weight to sentiment and open up critical support at the 0.8038 current year low of 21 April.