The pair traded within a range near the upper boundary after a strong rally from the 0.7870 area. USD/CHF remains in a constructive H1 structure, but the latest candles show consolidation below the 0.8000 resistance zone. The pair may continue to favor buyers while it holds above the Pivot, though failure to break higher may trigger a deeper corrective pullback.
Current price: 0.79847
Pivot: 0.7975
Nearest support levels:
S1: 0.7962
S2: 0.7945
S3: 0.7925
Nearest resistance levels:
R1: 0.8000
R2: 0.8020
R3: 0.8040
Note:
Above Pivot: holding above 0.7975 may keep buyers in control and support another attempt to test 0.8000. A breakout above this psychological resistance may extend the advance toward 0.8020 and 0.8040.
Below Pivot: a decline below 0.7975 would weaken the short-term bullish tone and may trigger a correction toward 0.7962. If this support fails, USD/CHF may move toward 0.7945 and 0.7925.
