The USD/CHF pair still holds a broadly positive tone on the H1 chart, although the market lost part of its momentum after the sharp upside extension seen earlier. Price action shows that the pair remains in the upper section of the recent range, but the latest candles reflect consolidation rather than a clean continuation breakout. For the full day, the market may either resume its advance if buyers defend the current support area, or shift into a deeper corrective pullback if the pivot gives way. The structure therefore remains bullish overall, but less impulsive than before, with a greater chance of two-way intraday swings.
Current price: 0.78730
Pivot: 0.7876
Nearest support levels: S1: 0.7861, S2: 0.7845, S3: 0.7828
Nearest resistance levels: R1: 0.7886, R2: 0.7902, R3: 0.7920
Note: If the pair rises above the pivot at 0.7876 and holds there, buyers may try to restore upside momentum toward 0.7886. A break higher would expose 0.7902 and then 0.7920. If USD/CHF stays below 0.7876, the market may remain in correction mode and slip toward 0.7861. A deeper decline would bring 0.7845 and 0.7828 into focus during the day.
