Published: 2024-04-18T07:56:04.000Z
Chart USD/CHF Update: Under pressure
Senior Technical Strategist
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Still little change, as prices extend cautious trade around 0.9100
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 prices extend cautious trade around 0.9100. Both intraday and daily studies are under pressure, highlighting a deterioration in sentiment and room for fresh losses in the coming sessions. A close below 0.9100 will add fresh weight to sentiment and open up 0.9060. Further slippage will target 0.9000, where already oversold daily stochastics could prompt fresh consolidation. Meanwhile, resistance remains at 0.9150 and should continue to cap any immediate tests higher.