Published: 2025-02-18T09:06:16.000Z
Chart USD/CHF Update: Prices remain under pressure
Senior Technical Strategist
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The test above congestion resistance at 0.9000 has been pushed back from beneath further congestion around 0.9050
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9150 | * | congestion tops | S1 | 0.8965 | ** | 50% ret, 27 Jan YTD low | |
| R3 | 0.9100 | ** | break level | S2 | 0.8900/10 | ** | break level; 61.8% ret | |
| R2 | 0.9050 | * | congestion | S3 | 0.8840 | ** | 76.4% ret of Dec-Jan rally | |
| R1 | 0.9000 | ** | congestion | S4 | 0.8800 | * | congestion |
Asterisk denotes strength of level
09:00 GMT - The test above congestion resistance at 0.9000 has been pushed back from beneath further congestion around 0.9050, as overbought intraday studies unwind, with prices currently balanced around 0.9000. Oversold daily stochastics are flattening, suggesting potential for further cautious trade. But the daily Tension Indicator is under pressure and broader weekly charts are bearish, highlighting room for fresh losses in the coming sessions. A later break below support at 0.8965 will add weight to sentiment and extend January losses towards strong support at 0.8900/10.