Published: 2025-05-19T07:18:48.000Z
Chart USD/CHF Update: Extending corrective pullback to .8320/00 support
Technical Analyst
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Settled back to pressure support at the .8320/00 congestion after corrective bounce was checked at the .8480
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8620 | * | 50% Jan/Apr fall | S1 | 0.8320/00 | ** | congestion | |
| R3 | 0.8600 | ** | congestion | S2 | 0.8200 | * | congestion | |
| R2 | 0.8480 | * | 38.2% Jan/Apr fall | S3 | 0.8100 | * | 11 Apr low | |
| R1 | 0.8400 | * | congestion | S4 | 0.8038 | ** | 21 Apr YTD low |
Asterisk denotes strength of level
07:10 GMT - Settled back to pressure support at the .8320/00 congestion after corrective bounce was checked at the .8480, 38.2% Fibonacci level. Daily studies are tracking lower as prices unwind the overbought readings. Close below the .8300 level will open up room for deeper pullback to congestion at the .8200 congestion. Meanwhile, a close above resistance at 0.8400, if seen, will open up room for retest of .8480 resistance and see scope for stronger gains to retrace the January/April losses and see room to .8600 congestion and.8620, 50% Fibonacci level.