Published: 2025-04-14T08:22:04.000Z
Chart USD/CHF Update: Balanced above fresh 2025 year low - studies under pressure
Senior Technical Strategist
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Prices have posted a fresh 2025 year low around 0.8098
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8450 | * | congestion | S1 | 0.8098 | ** | 11 Apr YTD low | |
| R3 | 0.8400 | ** | congestion | S2 | 0.8000 | ** | figure | |
| R2 | 0.8332 | ** | 28 Dec 2023 (y) low | S3 | 0.7850 | ** | 76.4% ret of 2011-2016 rally | |
| R1 | 0.8300 | ** | cong, Jan 2015 (y) low | S4 | 0.7710~ | ** | September 2011 (m) low |
Asterisk denotes strength of level
09:05 BST - Prices have posted a fresh 2025 year low around 0.8098, where rising intraday studies are prompting consolidation. Immediate focus is on congestion around 0.8200. But negative daily and weekly charts are expected to limit any break above here in renewed selling interest beneath 0.8300/32. Following cautious trade, fresh losses are looked for. A later break below 0.8098 will open up historic congestion around 0.8000, with a further close beneath here extending multi-year losses towards the 0.7850 Fibonacci retracement.