The pair traded within a broad bearish structure and starts Friday near the middle of a fragile rebound. USD/CHF fell hard from the 0.7910 area earlier, printed fresh lows below 0.7770, and then staged a modest recovery back toward 0.7790–0.7800. For the whole day, that rebound matters, but it still looks corrective rather than trend-changing because the pair remains well below the higher swing zones that were lost during the decline.
That leaves the daily picture cautious. Buyers may extend the rebound if they can hold above the pivot and build above the recent intraday base, but the broader pressure still points lower unless the pair reclaims a larger section of the prior drop. If price slips back under the pivot, sellers could quickly regain control and press the market toward the recent lows again. So the pair enters the session with rebound potential, but the main structure remains vulnerable.
Current price: 0.77930
Pivot: 0.77900
Nearest support levels: S1: 0.77780, S2: 0.77640, S3: 0.77420
Nearest resistance levels: R1: 0.78080, R2: 0.78300, R3: 0.78540
Note:
Above Pivot: If the pair holds above 0.77900, buyers may extend the rebound toward 0.78080 and 0.78300. If recovery momentum strengthens during the day, the next upside target may come at 0.78540.
Below Pivot: If the pair falls back below 0.77900, sellers may return toward 0.77780 and 0.77640. A deeper daily decline would then expose 0.77420.
