Published: 2025-05-16T08:14:35.000Z
Chart USD/CHF Update: Focus on 0.8300
Senior Technical Strategist
1
Anticipated losses have reached 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
09:05 BST - Anticipated losses have reached 0.8325, where flat oversold intraday studies are prompting short-term reactions. Daily stochastics continue to fall and the positive daily Tension Indicator is flattening, suggesting room for further losses towards congestion support at 0.8300. However, improving weekly charts should limit any break beneath here in fresh consolidation above further congestion around 0.8200. Meanwhile, a close above congestion resistance at 0.8400, if seen, will help to stabilise price action and prompt congestion beneath the 0.8480 Fibonacci retracement.