Published: 2025-05-29T08:14:17.000Z
Chart USD/CHF Update: Potential for a fresh test above 0.8300
Senior Technical Strategist
1
The anticipated test above congestion resistance at 0.8300 has been pushed back from 0.8350
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8500 | ** | congestion | S1 | 0.8200 | * | congestion | |
| R3 | 0.8480 | ** | 38.2% ret of Jan-Apr fall | S2 | 0.8100 | minor congestion | ||
| R2 | 0.8400 | * | congestion | S3 | 0.8038 | ** | 21 Apr YTD low | |
| R1 | 0.8300 | ** | congestion | S4 | 0.8000 | ** | figure |
Asterisk denotes strength of level
09:00 BST - The anticipated test above congestion resistance at 0.8300 has been pushed back from 0.8350, as overbought intraday studies turn down, unwinding negative divergence. Oversold daily stochastics continue to unwind and the negative daily Tension Indicator is flattening, suggesting room for a fresh test above 0.8300. But mixed weekly charts are expected to limit scope in renewed selling interest towards further congestion around 0.8400. Meanwhile, support remains at congestion around 0.8200. A close beneath here, if seen, will give way to renewed consolidation above further congestion around 0.8100.