The USD/CHF pair starts the new day with a firm bullish tone after a steady and well-structured advance carried the market toward the upper edge of the recent range. On the H1 chart, the pair continues to print higher lows and higher highs, while pullbacks remain shallow and short-lived. The latest consolidation near the highs suggests that the market is pausing after a strong push rather than reversing. For the full day, the broader bias remains positive as long as the pair holds above its main intraday support zone, though continuation may unfold through consolidation and renewed breakouts rather than through a straight uninterrupted climb.
Current price: 0.78563
Pivot: 0.7848
Nearest support levels: S1: 0.7838, S2: 0.7824, S3: 0.7808
Nearest resistance levels: R1: 0.7868, R2: 0.7882, R3: 0.7895
Note: If the pair remains above the pivot at 0.7848, buyers are likely to keep control and attempt a move toward 0.7868. A breakout above that barrier would open the way toward 0.7882 and then 0.7895 later in the day. If USD/CHF slips back below 0.7848, a corrective move toward 0.7838 and 0.7824 may unfold, while a deeper pullback would expose 0.7808. Overall, the daily structure remains bullish, but because the pair is already trading near elevated levels, the market may need pauses and short consolidations before the next extension higher.
