Published: 2025-05-15T08:09:19.000Z
Chart USD/CHF Update: Choppy in range
Senior Technical Strategist
1
Anticipated losses have bounced from 0.8325~
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8550 | congestion | S1 | 0.8300 | ** | congestion | ||
| R3 | 0.8500 | ** | congestion | S2 | 0.8200 | minor congestion | ||
| R2 | 0.8480 | ** | 38.2% ret of Jan-Apr fall | S3 | 0.8100 | minor congestion | ||
| R1 | 0.8400 | * | congestion | S4 | 0.8038 | ** | 21 Apr YTD low |
Asterisk denotes strength of level
08:50 BST - Anticipated losses have bounced from 0.8325~, with prices reaching 0.8435 before settling back below congestion resistance at 0.8400. Intraday studies have turned down and overbought daily stochastics are unwinding, highlighting room for a pullback towards congestion support at 0.8300. But the rising daily Tension Indicator and improving weekly charts should limit any break beneath here in fresh consolidation above further congestion around 0.8200. Meanwhile, any immediate tests back above 0.8400 should give way to consolidation beneath the 0.8480 Fibonacci retracement.