The pair traded within a broader bearish structure last week, but the latest candles show a meaningful rebound from the recent lows. USD/CHF fell toward the 0.7760 area, then turned higher and has now climbed back toward 0.7790–0.7795. For the full day, this recovery is important because it suggests the previous selloff has at least paused. However, the broader downtrend is not fully neutralized yet, so today’s move should still be treated as a rebound unless higher resistance zones are reclaimed.
That leaves the pair with a cautiously constructive intraday tone. If buyers keep the market above the pivot, the recovery can extend into the upper part of the recent range. If the pair loses the pivot again, sellers may quickly pull it back toward the last swing lows. So the daily outlook is mildly bullish in the short term, but structurally fragile while the pair remains below the wider breakdown zone.
Current price: 0.77935
Pivot: 0.77890
Nearest support levels: S1: 0.77820, S2: 0.77680, S3: 0.77520
Nearest resistance levels: R1: 0.78080, R2: 0.78260, R3: 0.78430
Note:
Above Pivot: If the pair holds above 0.77890, buyers may extend the rebound toward 0.78080 and 0.78260. If bullish pressure continues through the day, the next upside target may come at 0.78430.
Below Pivot: If the pair falls back below 0.77890, sellers may return toward 0.77820 and 0.77680. A deeper daily decline would then expose 0.77520.
