Chart USD/CHF Update: Balanced at local highs

Asterisk denotes strength of level

08:50 GMT - Still 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 stochastics continue to rise, highlighting potential for a later break above 0.9136. But the flattening daily Tension Indicator and already overbought weekly stochastics are expected to limit any continuation beyond 0.9150 in profit-taking beneath 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 would turn sentiment neutral once again and give way to consolidation above congestion support at 0.9050.