Published: 2025-06-11T08:23:16.000Z
Chart USD/CHF Update: Cautious trade
Senior Technical Strategist
1
Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8400 | * | congestion | S1 | 0.8200 | * | congestion | |
| R3 | 0.8350 | break level | S2 | 0.8155 | * | 2 Jun (w) low | ||
| R2 | 0.8300 | ** | congestion | S3 | 0.8100 | congestion | ||
| R1 | 0.8250 | congestion | S4 | 0.8038 | ** | 21 Apr YTD low |
Asterisk denotes strength of level
09:15 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation beneath congestion resistance at 0.8250. Daily readings have ticked higher and broader weekly charts are also turning up, suggesting room for a later break above 0.8250 towards further congestion around 0.8300. A close above here is needed to improve sentiment and open up a test of 0.8400. Meanwhile, a close back below 0.8200 will prompt consolidation above the 0.8155 weekly low of 2 June.