The pair traded within a range after the sharp recovery from the 0.7795 area, but the latest H1 candles show renewed bearish pressure from the 0.7865–0.7870 zone. USD/CHF is now moving back toward the lower part of the current structure, and the daily bias remains negative while the pair trades below the Pivot.
Current price: 0.78499
Pivot: 0.7858
Nearest support levels:
S1: 0.7838
S2: 0.7818
S3: 0.7795
Nearest resistance levels:
R1: 0.7865
R2: 0.7882
R3: 0.7900
Note:
Above Pivot: a recovery above 0.7858 may reduce immediate bearish pressure and allow the pair to retest 0.7865. A stronger move above this area may extend the rebound toward 0.7882 and 0.7900.
Below Pivot: while USD/CHF remains below 0.7858, sellers may keep control. A break below 0.7838 may renew downside momentum and expose 0.7818 and 0.7795 during the day.
