The pair traded within a range after extending last week’s upward recovery into the upper section of the current H1 structure. USD/CHF remains one of the relatively firmer dollar pairs in this group: dips continue to attract buyers, and the market is still holding above the breakout base formed during the rally from the 0.7780 area.
For the full trading day, the bias stays constructive while the pair holds above the central support zone, but the market is now approaching a heavier resistance region where continuation may become more difficult. If buyers fail to clear that area, the session may turn into consolidation at the top rather than a clean directional extension.
Current price: 0.78540
Pivot: 0.78460
Nearest support levels: S1: 0.78320, S2: 0.78160, S3: 0.77980
Nearest resistance levels: R1: 0.78680, R2: 0.78840, R3: 0.79060
Note:
Above Pivot: If the pair holds above 0.78460, buyers may continue to press toward 0.78680 and 0.78840. If the bullish structure extends through the day, the next broader target may come at 0.79060.
Below Pivot: If the pair falls back below 0.78460, the move may shift into a corrective pullback toward 0.78320 and 0.78160. A deeper daily decline may then expose 0.77980.
