Published: 2025-01-02T09:20:35.000Z
Chart USD/CHF Update: Limited downside tests
Senior Technical Strategist
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The retest above 0.9050 has met renewed selling interest beneath resistance at 0.9100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9150 | * | congestion tops | S1 | 0.9000 | ** | congestion | |
| R3 | 0.9100 | ** | break level | S2 | 0.8950 | * | congestion | |
| R2 | 0.9080 | * | 31 Dec (m) high | S3 | 0.8900 | * | congestion | |
| R1 | 0.9050 | ** | congestion | S4 | 0.8875 | * | break level |
Asterisk denotes strength of level
09:05 GMT - The retest above 0.9050 has met renewed selling interest beneath resistance at 0.9100, as intraday studies turn down and rising daily stochastics flatten, with prices currently trading back below 0.9050. Focus is expected to turn to congestion support at 0.9000. But the rising daily Tension Indicator and positive weekly charts should limit any deeper losses in fresh buying interest above 0.8950. Meanwhile, a close back above 0.9050 will open up 0.9100, with continuation beyond here turning sentiment positive and extending September gains towards 0.9150.