Published: 2025-03-28T07:15:08.000Z
Chart USD/CHF Update: Ranging within the .8850/.8800 area
Technical Analyst
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Little change, as prices extend consolidation within the .8850/.8800 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9000 | * | congestion | S1 | 0.8800 | * | congestion | |
| R3 | 0.8965 | ** | Jan low | S2 | 0.8755 | ** | 20 Mar YTD low | |
| R2 | 0.8900/10 | ** | congestion, Feb low | S3 | 0.8727 | * | Dec low | |
| R1 | 0.8850 | * | recent highs | S4 | 0.8700/90 | ** | congestion, 61.8% |
Asterisk denotes strength of level
07:10 GMT - Little change, as prices extend consolidation within the .8850/.8800 range following bounce from the .8755 low of last week. Daily studies remains positive, suggesting room for a test higher towards strong resistance at the .8900/10, congestion and February low. Higher still, will see room to the .8965, January low. Meanwhile, support at the 0.8800 congestion should underpin. Break here will expose the .8755 current year low to retest and see scope for continuation lower to retrace the September/January rally to the .8727 support and .8690, 61.8% Fibonacci level.