Published: 2024-04-16T07:59:20.000Z
Chart USD/CHF Update: Further consolidation at 2024 highs - studies flattening
Senior Technical Strategist
2
Still little change, as mixed intraday studies keep near-term sentiment cautious
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 0.9300 | * | congestion | S1 | 0.9100 | * | break level | |
R3 | 0.9245 | ** | 3 Oct (m) high | S2 | 0.9060 | break level | ||
R2 | 0.9200 | * | congestion | S3 | 0.9000 | * | break level | |
R1 | 0.9150 | * | congestion, 15 Apr YTD high | S4 | 0.8965 | 25 Mar low |
08:50 BST - Still little change, as mixed intraday studies keep near-term sentiment cautious beneath the fresh 0.9150 current year high. A test above here cannot be ruled out, but mixed daily readings and a tick lower in overbought weekly stochastics suggests fresh selling interest towards congestion resistance at 0.9200. Meanwhile, support remains at 0.9100. A close beneath here would add weight to sentiment and open up 0.9060. However, any immediate continuation beneath here should give way to fresh range trade above 0.9000.