USD/CHF remains in a strong bullish trend after forming a sequence of higher highs and higher lows. The latest upward impulse lifted the pair from the 0.8130 area towards 0.8175, where the price is currently consolidating.
The consolidation near the highs indicates that buyers continue to control the market. The key support area for the full-day outlook is located around 0.8160. As long as the pair remains above this level, another attempt to break 0.8180 is likely. A successful breakout may open the way towards 0.8195 and 0.8210.
A move below 0.8160 would indicate a deeper correction towards 0.8145. Nevertheless, the broader H1 structure would remain bullish while the price holds above 0.8130.
Current price: 0.81711
Key intraday level: 0.8160
Support levels:
- S1: 0.8160
- S2: 0.8145
- S3: 0.8130
Resistance levels:
- R1: 0.8180
- R2: 0.8195
- R3: 0.8210
Daily scenario:
- Above 0.8160: the bullish scenario remains dominant, with targets at 0.8180 and 0.8195.
- Below 0.8160: a corrective decline towards 0.8145 becomes possible.
Expected working range: 0.8145–0.8195.
