Published: 2025-05-26T07:46:42.000Z
Chart USD/CHF Update: Weighing on .8200 support, break in focus
Technical Analyst
1
Weighing on support at the .8200 congestion and risk seen for break here to extend losses from the .8480 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8600/20 | * | congestion, 50% | S1 | 0.8200 | * | congestion | |
| R3 | 0.8475/80 | ** | 12 May high, 38.2% | S2 | 0.8100 | * | 11 Apr low | |
| R2 | 0.8400 | ** | congestion | S3 | 0.8038 | ** | 21 Apr YTD low | |
| R1 | 0.8300/30 | * | congestion | S4 | 0.8000 | * | congestion from Aug 2011 |
Asterisk denotes strength of level
07:45 GMT - Weighing on support at the .8200 congestion and risk seen for break here to extend losses from the .8480 resistance. Daily studies are still tracking lower and suggest consolidation giving way to renewed selling pressure later. Lower will see room to the .8100 level but potential is for retest of .8038, 21 April YTD low. Would expect reaction at the latter but break here cannot be ruled out. Meanwhile, resistance remains at the .8300/30 congestion which is expected to cap and sustain losses from the .8480, corrective high.