Published: 2026-09-17T06:41:24.000Z
Chart USD/PHP Updates: Consolidating at 62.900 all-time high
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Consolidating gains to fresh all-time high at 62.900 and channel resistance from the May 2025 year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 63.700 | projection | S1 | 62.500 | * | congestion | ||
| R3 | 63.500 | projection | S2 | 62.350 | ** | 8 Sep low | ||
| R2 | 63.000 | figure | S3 | 61.950 | ** | Jun high | ||
| R1 | 62.900 | ** | 14 Sep YTD high | S4 | 61.750 | * | May high |
Asterisk denotes strength of level
06:35 GMT - Consolidating gains to fresh all-time high at 62.900 and channel resistance from the May 2025 year low. Bearish divergence on daily chart and overbought weekly studies caution corrective pullback with support starting at the 62.500/62.3500 congestion and low of last week. Break here will open up room for deeper pullback to retrace gains from the 60.600 August low towards strong support at the 61.950/61.750, June and May highs. Break above the 62.900 high will see room to further extend the underlying bull trend to 63.000 level then 63.500/63.700, projection targets.