The pair traded within a range after a strong two-session rebound lifted the market from the recent lows back toward the upper side of the recovery structure. On H1, USD/CHF has clearly improved its short-term tone, and for the daily horizon buyers still hold the advantage while price remains above the recent rebound base.
For the full trading day, the main question is whether the pair can consolidate near the highs and continue higher, or whether this sharp rise will trigger profit-taking and a return to the middle of the range. The price is already in the upper part of the current structure, so momentum confirmation is important.
Current price: 0.78522
Pivot: 0.78380
Nearest support levels: S1: 0.78240, S2: 0.78060, S3: 0.77820
Nearest resistance levels: R1: 0.78640, R2: 0.78820, R3: 0.79060
Note:
Above Pivot: If the price holds above 0.78380, buyers may continue the advance toward 0.78640 and 0.78820, with 0.79060 as the next broad upside target for the day.
Below Pivot: If the pair falls back below 0.78380, the rebound may lose strength and the market may retrace toward 0.78240 and 0.78060, while 0.77820 remains the next deeper support area.
