Published: 2025-05-09T08:17:17.000Z
Chart USD/CHF Update: Pressing higher
Senior Technical Strategist
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The anticipated break above 0.8300 has reached 0.8340
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8550 | congestion | S1 | 0.8300 | ** | congestion | ||
| R3 | 0.8500 | ** | congestion | S2 | 0.8200 | minor congestion | ||
| R2 | 0.8480 | ** | 38.2% ret of Jan-Apr fall | S3 | 0.8100 | minor congestion | ||
| R1 | 0.8400 | * | Aug-Sep 2024 range lows | S4 | 0.8038 | ** | 21 Apr YTD low |
Asterisk denotes strength of level
09:05 BST - The anticipated break above 0.8300 has reached 0.8340, where a tick lower in overbought intraday studies is prompting minor selling interest and a pullback to 0.8300. Daily readings continue to rise, however, highlighting room for continuation of April gains towards resistance at 0.8400. Meanwhile, a close back below congestion support at 0.8300, if seen, will turn sentiment neutral once again and give way to fresh consolidation above further congestion around 0.8200.