Published: 2025-04-23T09:15:43.000Z
Chart USD/CHF Update: Potential for a test higher
Senior Technical Strategist
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Anticipated gains have extended to the 0.8268 high of 14 April in both USD- and CHF-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8500 | ** | congestion | S1 | 0.8200 | minor congestion | ||
| R3 | 0.8400 | * | Aug-Sep 2024 range lows | S2 | 0.8100 | minor congestion | ||
| R2 | 0.8300 | ** | congestion | S3 | 0.8038 | ** | 21 Apr YTD low | |
| R1 | 0.8268 | 14 Apr high | S4 | 0.8000 | ** | figure |
Asterisk denotes strength of level
09:55 BST - Anticipated gains have extended to the 0.8268 high of 14 April in both USD- and CHF-driven trade, with prices reaching 0.8285 before settling lower into fresh consolidation above 0.8200. Daily stochastics and the daily Tension Indicator continue to rise, highlighting room for a renewed test higher, with a break back above 0.8268 opening up congestion resistance at 0.8300. Still higher is 0.8400, but mixed/negative weekly charts should limit any tests of here in renewed selling interest. Meanwhile, congestion support at 0.8100 is expected to underpin any immediate tests below 0.8200.