The USD/CHF pair is trying to preserve a short-term recovery after rebounding from the lower part of its recent H1 range. The pair has already advanced well from the latest swing low and is now consolidating below a nearby resistance zone, which suggests that the market is deciding whether to continue the rebound or pause for a corrective pullback. The intraday structure looks more constructive than earlier in the week, but the pair still needs to hold above the pivot to keep the bullish tone alive through the day.
Current price: 0.78054
Pivot: 0.7805
Nearest support levels: S1: 0.7793, S2: 0.7780, S3: 0.7766
Nearest resistance levels: R1: 0.7818, R2: 0.7830, R3: 0.7844
Note: If the pair stays above the pivot at 0.7805, buyers may continue pressing higher toward 0.7818 and 0.7830. If bullish momentum strengthens, the next target for the session would be 0.7844. If the pair falls back below 0.7805, the rebound may lose strength and the price could slide toward 0.7793 and 0.7780, while 0.7766 stands as the deeper bearish target.
