Published: 2025-05-23T08:00:01.000Z
Chart USD/CHF Update: Shallow bounce from .8200 support
Technical Analyst
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Turned up from the support at the .8200 congestion as prices consolidate 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
07:50 GMT - Turned up from the support at the .8200 congestion as prices consolidate losses from the .8480 resistance. Daily studies are still tracking lower and suggest consolidation here giving way to break renewed selling pressure later. Lower will see room to the .8100 level though 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 is lowered to the .8300/30 congestion which is expected to cap and sustain losses from the .8480, corrective high of last week.