Published: 2025-06-05T08:29:16.000Z
Chart USD/CHF Update: Limited gains - background studies under pressure
Senior Technical Strategist
1
The break below 0.8200 has met buying interest around 0.8170
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8350 | break level | S1 | 0.8155 | * | 2 Jun low | ||
| R3 | 0.8300 | ** | congestion | S2 | 0.8100 | congestion | ||
| R2 | 0.8250 | congestion | S3 | 0.8038 | ** | 21 Apr YTD low | ||
| R1 | 0.8200 | * | congestion | S4 | 0.8000 | ** | congestion |
Asterisk denotes strength of level
09:20 BST - The break below 0.8200 has met buying interest around 0.8170, as negative intraday studies flatten, with prices currently pressuring 0.8200. Daily stochastics are rising, suggesting room for a break above here towards congestion resistance at 0.8250. But the bearish daily Tension Indicator and deteriorating longer-term charts are expected to prompt renewed selling interest towards here. Following corrective trade, fresh losses are looked for. A later break below 0.8155 will add weight to sentiment and extend losses initially to congestion around 0.8100.