The pair traded within a range after the previous decline, then formed a strong bullish impulse on H1 and moved into the upper part of the recent structure. USD/CHF is now correcting from the local high, but as long as the pair holds above the Pivot, the broader intraday bias remains constructive.
Current price: 0.78820
Pivot: 0.7872
Nearest support levels:
S1: 0.7858
S2: 0.7835
S3: 0.7810
Nearest resistance levels:
R1: 0.7898
R2: 0.7915
R3: 0.7930
Note:
Above Pivot: holding above 0.7872 may keep buyers active and support another move toward 0.7898. A breakout above 0.7898 may extend the advance toward 0.7915 and 0.7930.
Below Pivot: a move below 0.7872 would weaken the bullish structure. In this case, the pair may retest 0.7858, with deeper targets at 0.7835 and 0.7810.
