The USD/CHF pair retains a constructive intraday structure on the H1 chart after a steady advance carried the market toward fresh local highs. Recent price action shows a mild pullback from the top, but buyers are still holding the pair in the upper part of the range, which keeps the bullish tone intact for now. For the full trading day, the main issue is whether the market can resume the climb and challenge the recent highs again or whether the current consolidation turns into a deeper retracement. While the pair remains above the main support band, buyers still have the technical advantage.
Current price: 0.78513
Pivot: 0.7846
Nearest support levels: S1: 0.7832, S2: 0.7814, S3: 0.7793
Nearest resistance levels: R1: 0.7869, R2: 0.7886, R3: 0.7908
Note: If the pair stays above the pivot at 0.7846, the bullish intraday structure remains valid and buyers may push the market toward 0.7869. A break above that level would expose 0.7886 and then 0.7908 during the day. If USD/CHF falls below 0.7846, the correction may deepen toward 0.7832 and 0.7814. Only a stronger drop below 0.7814 would weaken the current bullish setup and shift focus toward 0.7793 as the lower boundary of the day’s downside scenario.
