Published: 2024-12-02T07:40:11.000Z
Chart USD/CHF Update: Turned up in consolidation from the .8800 level
Technical Analyst
1
Turned up from the .8800 level as prices consolidate losses from the .8958 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9000 | * | congestion | S1 | 0.8800 | * | congestion | |
| R3 | 0.8958 | ** | 22 Nov high | S2 | 0.8750 | * | congestion | |
| R2 | 0.8918 | * | 14 Nov high | S3 | 0.8700 | * | Sep high | |
| R1 | 0.8870 | congestion | S4 | 0.8650 | congestion |
Asterisk denotes strength of level
07:35 GMT - Turned up from the .8800 level as prices consolidate losses from the .8958 high. However, the negative daily studies suggest room for a break lower to retrace gains from the September low towards support at the .8775/.8750 congestion area. Lower still, will see open up room for deeper pullback to the .8700 level. Meanwhile, resistance is at .8870 which should cap any immediate tests higher. Gains above here will open up room for return above the .8900 level and expose the .8918 and .8958 highs to retest.