The pair traded within a range near the upper boundary after the strong rally from the 0.7870 area, and the broader H1 structure still favors buyers. USD/CHF is holding close to recent highs, but the latest candles show a mild pullback before the U.S. CPI release, so the Pivot zone should define whether the pair resumes the advance or moves into a deeper correction.
Current price: 0.79783
Pivot: 0.7970
Nearest support levels:
S1: 0.7955
S2: 0.7935
S3: 0.7910
Nearest resistance levels:
R1: 0.7995
R2: 0.8010
R3: 0.8030
Note:
Above Pivot: while USD/CHF holds above 0.7970, buyers may keep control and attempt another move toward 0.7995. A breakout above this resistance may extend the advance toward 0.8010 and 0.8030.
Below Pivot: a decline below 0.7970 would weaken the short-term bullish structure. In this case, the pair may correct toward 0.7955, with deeper targets at 0.7935 and 0.7910.
