Published: 2024-04-17T08:09:43.000Z
Chart USD/CHF Update: Leaning lower
Senior Technical Strategist
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Little change, as prices extend cautious trade above support at 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 |
08:55 BST - Little change, as prices extend cautious trade above support at 0.9100. Intraday studies are leaning lower and daily readings are also coming under pressure, highlighting a deterioration in sentiment and room for a corrective pullback in the coming sessions. A break below 0.9100 will add weight to sentiment and open up 0.9060. However, mixed/positive weekly charts should limit any initial continuation beneath here in fresh range trade above 0.9000. Meanwhile, resistance remains at 0.9150 and should cap any immediate tests higher. A close above here, however, will open up congestion resistance at 0.9200, where fresh selling interest is looked for.