Chart USD/CHF Update: Consolidating at local highs - studies improving
Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9224 | ** | 1 May 2024 (y) high | S1 | 0.9100 | ** | break level | |
| R3 | 0.9200 | * | congestion | S2 | 0.9050 | * | congestion | |
| R2 | 0.9150 | * | congestion tops | S3 | 0.9000 | ** | congestion | |
| R1 | 0.9136 | ** | 2 Jan (w) high | S4 | 0.8980 | * | break level |
Asterisk denotes strength of level
09:05 GMT - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation beneath resistance at the 0.9136 weekly high of 2 January. Daily readings continue to improve and broader weekly charts are rising, highlighting potential for further gains in the coming sessions. A later close above 0.9136 will turn sentiment positive and extend September gains beyond 0.9150 towards critical resistance at the 0.9224 year high of 1 May 2024. Meanwhile, support is at the 0.9100 break level. A close beneath here, if seen, will turn sentiment neutral once again and give way to consolidation above congestion support at 0.9050.