The USD/CHF pair still holds a generally constructive tone on the H1 chart, but the strong upside impulse seen earlier has clearly slowed. After printing fresh local highs, the market moved into a corrective and volatile consolidation, which shows that buyers remain active, though no longer in full control. The pair is currently hovering around a balance area, where the next directional move will likely depend on whether price can regain traction above the pivot zone. For the full day, USD/CHF may either resume its broader recovery or slip into a deeper pullback if support starts to fail.
Current price: 0.78673
Pivot: 0.7869
Nearest support levels: S1: 0.7853, S2: 0.7839, S3: 0.7822
Nearest resistance levels: R1: 0.7879, R2: 0.7894, R3: 0.7909
Note: If the pair climbs above the pivot at 0.7869 and holds there, buyers may try to restore upside momentum toward 0.7879. A break higher would expose 0.7894 and then 0.7909. If USD/CHF remains below 0.7869, the correction may continue and drag the market toward 0.7853. A deeper pullback would then bring 0.7839 and 0.7822 into focus during the day.
