The pair traded within a range before a sharp bearish breakdown sent the market to fresh local lows. Intraday sentiment remains negative while the price stays below the pivot zone.

Current price: 0.78791

Pivot: 0.78910

Nearest support levels: S1: 0.78700, S2: 0.78560, S3: 0.78420

Nearest resistance levels: R1: 0.79040, R2: 0.79180, R3: 0.79320

Note:
Above Pivot: If the price rebounds above 0.78910, corrective recovery may target 0.79040 and 0.79180, with 0.79320 as the next upside target.
Below Pivot: If the pair remains below 0.78910, bearish pressure may continue toward 0.78700 and 0.78560, with 0.78420 as the next downside target.

USD, CHF