The pair traded within a range after the strong advance toward the 0.7920 area, then corrected lower and moved back under the recent consolidation zone. USD/CHF is losing upside momentum, and the daily outlook turns more cautious while the price remains below the Pivot area.
Current price: 0.78745
Pivot: 0.7883
Nearest support levels:
S1: 0.7865
S2: 0.7848
S3: 0.7830
Nearest resistance levels:
R1: 0.7895
R2: 0.7910
R3: 0.7925
Note:
Above Pivot: a recovery above 0.7883 may ease the current bearish pressure and allow the pair to retest 0.7895. A stronger rebound above this level may reopen the way toward 0.7910 and 0.7925.
Below Pivot: while USD/CHF remains below 0.7883, sellers may keep the advantage. A break below 0.7865 may extend the correction toward 0.7848 and 0.7830 during the day.
