The pair traded within a range after the previous bullish extension lifted the market into the upper segment of the recent H1 recovery structure. On the intraday chart, USD/CHF still looks firmer than most of the other major USD pairs in this set: pullbacks continue to attract buying, and the market is holding above the breakout base built during the rise from last week’s lows.
For the full trading day, the main issue is whether buyers can keep price above the balance zone and press for another continuation wave, or whether the pair will slide into a broader corrective pullback after several sessions of upward repair. While price remains above the pivot, the advantage stays with buyers.
Current price: 0.78540
Pivot: 0.78460
Nearest support levels: S1: 0.78320, S2: 0.78160, S3: 0.77980
Nearest resistance levels: R1: 0.78660, R2: 0.78820, R3: 0.79020
Note:
Above Pivot: If the pair holds above 0.78460, buyers may continue the advance toward 0.78660 and 0.78820. If bullish momentum remains stable through the day, the next broader target may come at 0.79020.
Below Pivot: If the pair slips back below 0.78460, the structure may weaken into a corrective pullback toward 0.78320 and 0.78160. A deeper decline may then expose 0.77980.
